After providing a solid supply of money for Latin American bond issuers, the yen market snapped shut last August. Only the Mexican state electricity company has been able to break in.
Category: Regions
Posted inMagazine
Sovereign Report
Mexico Sells $1.75 Billion Global Issue Mexico issued a $1.75 billion, 20-year bond in September that sold like hot cakes even as Brazil edged closer to default. The bond was […]
Posted inMagazine
Eastern Restraint, Latin Assets
Unlike their European and American counterparts, Asian
investors entered Latin America slowly and carefully, a strategy that is giving them staying power in these tough
times.
Posted inMagazine
Presidential Promises Falter
President Vicente Fox has been unable to overcome the
political obstacles to many of his vaunted reform plans. Still,Mexico has largely avoided South America’s malaise and remains a regional economic powerhouse.
Posted inMagazine
Resource Rich, Politically Feeble
Trinidad and Tobago has more money than it knows what to do with. A debilitating political deadlock is making dealing
with this abundant liquidity an even greater problem.
Posted inMagazine
The Foreigners Take Over
Nearly all Mexico’s banks are foreign-owned now, and the financial system is fully recovered from the financial crash of 1995. But lending remains feebele in a country desperately in need of credit.
Posted inMagazine
No Small Tasks Lie Ahead
Roberto Junguito, Colombia’s new finance minister, has his work cut out for him. He must deal with the country’s budget
deficit, wage fiscal war on the guerillas and grow the
economy.
Posted inMagazine
Politics Torpedoes Growth
A casualty of the politics surrounding Alejandro Toledo’s first year as president, Pedro Pablo Kuczynski succeeded
in growing Peru’s economy, sealing a deal with the IMF and issuing a historic international bond. But the public failed to embrace his free market ideas.
Posted inMagazine
Lowering Barriers to Entry
There are small signs that Mexico’s competition authorities are beginning to stand up to the rich and powerful bosses who have defied control for years. But the regulators have a hard battle ahead of them.
Posted inWeb Articles
Absorbing Extra Currency
Despite having one of the world’s richest oil reserves, Venezuela’s economy must still fight to overcome the effects of an overvalued currency and an unstable business environment.