The government is cleaning up the banking system, but Jamaicans are still paying a heavy price for botched financial liberalization in the 1990s.
Category: Regions
Posted inMagazine
Sun, Sand, Sea and Software
Jamaica wants to become the silicon island of the Caribbean. Tourism has spawned a vibrant services industry and the country hopes today’s call center employees will be tomorrow’s programmers.
Posted inMagazine
The Island of Renewal
Jamaica is shaking off years of recession and the effects of a severe banking crisis. But the country still must deal with a debt mountain and a difficult business climate.
Posted inMagazine
The Steep, Uphill Battle
Jamaica’s government faces a prolonged struggle to manage its debt mountain despite privatizations and the sale of financial institutions. Now the government is turning increasingly to the international capital markets.
Posted inMagazine
Overcoming Fujimori’s Shadow
The new president of Peru will face a daunting series of challenges that range from inspiring confidence in the political system to reviving investment and growth.
Posted inMagazine
Rebuilding Internal Confidence
Peru has made considerable progress addressing its severe infrastructure deficit by privatizing telecom, power, and transportation systems. But dreams of becoming a high-tech distribution hub for the Americas remain a fantasy.
Posted inMagazine
The Battle for Efficiency
The mining industry was Peru’s most dynamic sector through years of recession and weak growth. But metals prices are struggling to recover, so companies are cutting costs, raising production and increasing reserves.
Posted inMagazine
Outmaneuvering the Market
The World Bank rewards Colombia for getting its fiscal house in order with a partial guarantee that helped the sovereign access the fickle dollar market at a difficult time.
Posted inMagazine
Mexico’s Capital Connection
For 36 years, Raúl Muñoz worked in relative obscurity at the Mexican division of a major U.S. chemical company, rising through the ranks to become president of the subsidiary. Then […]
Posted inMagazine
Getting Guatemalan Banks Up to Global Speed
After more than 50 years operating under antiquated banking rules, Guatemala is in the process establishing capital adequacy guidelines, regulating offshore operations and setting up bank guarantee funds.