In 1992, 97% of all Peruvians lacked a functioning telephone and they could expect to wait nearly 10 years to get one. It was a damning reflection on the country’s […]
Category: Regions
Posted inMagazine
Luring Investors with Innovation
In 1995, just as Mexico was crawling out of the peso crisis, the ailing sovereign found its salvation in the international debt market. In December 1994, the country had sunk […]
Posted inMagazine
LYNCHPIN Martín Werner
It must be satisfying to witness years of labor come to fruition. Martín Werner, managing director of Goldman Sachs’ Mexico office, has dedicated almost his entire career at Mexico’s ministry […]
Posted inMagazine
Telmex Sets the Standard
Today, Teléfonos de México (Telmex) is one of the most successful telecommunication companies in Latin America. It is the dominant provider of fixed-line and cellular services in Mexico. Telmex’s evolution […]
Posted inMagazine
Testing Market Confidence
In 1995, just as Mexico was crawling out of the peso crisis, the ailing sovereign found its salvation in the international debt market. In December 1994, the country had sunk […]
Posted inMagazine
Getting Ecuador Pumping
It seemed unlikely in 2000 that bankers could secure a $900 million, 17-year project finance loan for an oil development project in Ecuador. The country had just defaulted on its […]
Posted inMagazine
UNIFIER Enrique Garcia
The Andean Development Corp., which Enrique García has run since 1991, is a remarkable institution. It is a development bank with a coveted investment grade rating, even though it is […]
Posted inDaily Brief
Sovereign Report
Mexican Bradys, Endangered Species Mexican Bradys are on their way out, after the finance ministry decided to call $3.8 billion-worth of outstanding dollar-denominated A and B series Brady bonds. Once the […]
Posted inMagazine
Sovereign Report Apr-May 2003
Mexican Bradys, Endangered Species Mexican Bradys are on their way out, after the finance ministry decided to call $3.8 billion-worth of outstanding dollar-denominated A and B series Brady bonds. Once […]
Posted inMagazine
Peso Market’s Power Bond
Mexico’s electricity commission issues a bond backed by receivables from its corporate customers. The bond is the first unsecured asset-backed bond from a government entity.