Caribbean nations with substantial offshore financial sectors have not responded uniformly to international efforts to crack down on money laundering and tax evasion.
Category: Regions
Life is not a beach
The major Caribbean countries this year face rising debt loads, election uncertainty and economic challenges.
To keep investors satisfied, they must maintain fiscal discipline and diversify their markets.
Making A Jamaican Statement
Canadian mutual fund magnate Michael Lee-Chin recently expanded his empire with the purchase of Jamaica?s largest bank. He plans to use National Commerical Bank?s 50 branches to distribute every conceivable financial product.
An Intercontinental Mix
Cemex, the Mexican cement company, is a global player that has acquired competitors on five continents. But the markets are carefully watching Cemex?s Asian expansion, worried that it might now be overextending itself.
Fighting on All Fronts
As Secretary of Mexico?s Ministry of Comptrollership and Administrative Development, Francisco Barrio Terrazas is the country?s anti-corruption czar. His job, and that of his office, is to stamp out deep-rooted government corruption and promote financial transparency and accountability in all public institutions. Here Barrio describes Mexico?s multi-pronged attack on dishonesty and fraud in government, and acknowledges that a prolonged and relentless effort is necessary to alter the course of decades of corruption.
No Bells and Whistles Needed
Riding on the tails of Mexico?s freshly upgraded credit rating, Grupo Televisa, the Spanish-language television broadcaster, was able to raise $300 million with 30-year plain vanilla bond in the international market.
Getting an Unexpected Boost
Jamaica’s economy was just beginning to enjoy a renaissance when a bout of political violence last July that left 25 people dead was followed by the disastrous drop in tourism […]
Enhancing Flight and Cargo
Jorge Chávez International Airport is improving with investment by its new owners.
Putting Closure on a Crisis
Jamaica has paid a heavy price for its botched financial sector liberalization of the 1990s. Omar Davies, Jamaica’s finance minister, estimates the 1997 banking crisis cost the country J$125 billion […]
Lifting Local Power
Development of Peru’s Camisea natural gas field is finally underway.
