Early government action to protect Mexico from external financial shocks put it in solid shape for Vicente Fox’s administration. But with red flags on the horizon, there is still room – and time – to repeat history.
Category: Regions
Posted inMagazine
Boom Time for the Free Zones
Government reforms spurred the rapid expansion of duty-free industrial parks in the Dominican Republic over the last four years. It?s time to reap the payoff now that the Caribbean Basin countries have finally been given the same benefits as Mexico in apparel exports to the US.
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Business & Banking
Cemex Scoops Up US Cement Maker Mexico’s Cemex, the world’s third-largest cement producer, has acquired the second-largest cement company in the US, Houston-based Southdown, for $2.8 billion. The sale price […]
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The Price of Latin Trades
Buying stocks in smaller Latin markets is getting expensive. Low liquidity and market volatility make transaction costs in the Andean countries among the highest in the world.
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Leaving the Limelight
José Angel Gurría, Mexico’s veteran finance secretary and an architect of the country’s economic reforms, says adiós after more than two decades of public service.
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Standing On Their Own
Three years after the government pension plan overhaul, new financial regulations are helping Mexicans discover non-traditional ways to plan for their economic futures.
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The High Cost of Turbulence
Venezuelans and Colombians are tucking their money away in Miami at a rate of over $500 million a month as the outlook at home goes from bad to worse.
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Banco del Istmo Gains Momentum
Panama’s largest local bank, Banco del Istmo, is primed to become Central America’s leading financial institution. This is no small order in a region with more than 150 local banks […]
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Under New Management
Panama struggles to remain Central America’s financial and transportation center despite growing international doubt about its commitment to playing by the rules.
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Business & Banking
ING Sells Mexican InsurerGrupo Financiero BBVA-Bancomer, Mexico’s largest financial group, bought out ING Groep’s stakes in three financial services companies for $693 million. ING, the largest financial services company in […]