Vicente Fox met with John Barham, editor of LatinFinance, at Fox’s new offices in the Los Pinos presidential compound in Mexico City. Fox, in his trademark cowboy boots, was relaxed and in high humor as he fielded questions that included reforming Pemex, the national oil company, ending the Zapatista uprising, increasing foreign direct investment and eliminating poverty.
Category: Regions
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Making Peace and Becoming a Player
The agenda of Mexico?s new president is emerging, and Vicente Fox appears to be tackling the domestic and international fronts with equal zeal. His strong popularity will help him navigate local political challenges as he seeks to make Mexico a major player in world affairs.
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Moving in Tandem with the US
To avoid an increase in its current account deficit and increased pressure on the peso, Mexico needs to synchronize its business cycle with that of the US.
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Stumbling No More
After a costly government rehabilitation program, Mexican banks are re-capitalized, restructured and back in private hands. As consolidation and foreign bank participation peaks, things are looking up for Mexico’s accident-prone banks.
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Tugging Toledo to the Right
Alejandro Toledo, one of the front-runners in Peru’s April presidential race, chose Pedro Pablo Kuczynski, the veteran international financier, as his chief economic advisor in a bid to gain investor confidence.
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Cleaning Up Its Fiscal Act
Panama quickly responded to an international blacklisting by passing new bank laws that prove its commitment to get tough on money launderers and their crimes.
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Panama Holds Its Own
Panama’s economy didn’t take the nosedive many feared it would when the US military departed just over a year ago. Instead, the country has taken advantage of the existing infrastructure to fuel economic growth in the shipping, tourism and construction sectors.
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Regulating the Banks
Panama’s Superintendency of Banks is helping the country’s banking system adopt and follow an internationally accepted regulatory framework.
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Safakeeping Panama’s Private Kitty
Panama has accumulated more than a billion dollars in a
social investment trust, funded by the sales of state-owned industries and former US holdings in the Canal Zone.
The government is taking pains to ensure the money goes where it is supposed to go.
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Staving Off Obsolescence
Panama’s geography has always been its best asset. Will its strategic location drive prosperity in the new millennium as Panama aims at becoming the Americas’ premier trade zone?