Though the Andean countries have been hit by a barrage of political and economic instability, some investors managed to turn adverse market dynamics to their advantage.
Category: Regions
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Business & Banking
Citibank Reaches Accord with MexicoCitibank and Mexico’s Institute for the Protection of Bank Savings (IPAB) settled their dispute over a controversial $2.5 billion debt prepayment made by IPAB to Citibank […]
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Citibank’s New Start
The bank says its problems with Banco Confía, an ailing Mexican retail bank it bought in 1998, are close to an end. Senior Citibankers say the bank is at last ready to start growing in Mexico.
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Building on a Boom
Panama’s construction industry is humming along as the conversion of Canal Zone properties and new highway concessions keep the permits rolling. But financial and environmental issues are complicating business for some operators.
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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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A Renewed Yen For Latin Bonds
After going up in smoke during Asia’s financial crisis, the Samurai market has sprung to life, offering a valuable fund-raising alternative to Latin sovereign borrowers.
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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?