Eight years after the government’s banking intervention, the Mexican public still lacks a full accounting of the costly decisions taken to stabilize the country’s financial system.
Category: Regions
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Running Out of Time
Colombia will soon become a net importer of oil unless it can attract more investment. International oil companies want the government to offer them a better deal.
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Gil Díaz’s Strong Hand
Mexico’s finance secretary has firmly managed Mexico’s accounts, even paying off the last of the country’s Brady bonds. Economic stability and low inflation now are hallmarks of Latin America’s biggest economy.
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A Feat of Financial Engineering
The Antamina copper and zinc mine in central Peru is one of world’s greatest mining discoveries and financing its development required some impressive financial engineering. It took more than two […]
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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 […]
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Peru’s Future-Flow Trailblazer
In November 2000, Peru’s government pitched into chaos as Alberto Fujimori fled to Japan and faxed his resignation to Congress after a decade in office. The Peruvian Congress swore in […]
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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 […]
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RESOLUTE Susana de la Puente
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 […]
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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 […]
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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 […]