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 […]
Category: Regions
Posted inMagazine
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 […]
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 inMagazine
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 […]
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
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.
Posted inMagazine
Looking for an Upturn
Panama’s economy ran out of steam four years ago and it is struggling to meet deficit targets. The country is looking for new sources of economic fuel but it needs a major boost soon.
Posted inMagazine
Putting Pizzazz Into Glass
Vitro, the Mexican glassmaker, is trying to fend off Asian competitors with value-added products. But a weighty debt load and weakening cashflow aren’t making the company’s survival any easier.
Posted inMagazine
Rebuilding Growth
The Caribbean is battling a particularly difficult global environment. Economies throughout the region face serious challenges, although oil-rich Trinidad and Tobago is in better shape than most.
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 […]