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.
Category: Regions
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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.
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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 […]
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The Brave New World of Corporate Governance
Ricardo Salinas Pliego, the Mexican business leader, has become a target for shareholder rights activists. Here, he gives his side of the story and sets out the far-reaching changes in corporate governance at his group of companies, which includes TV Azteca and the Elektra retail chain.
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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.
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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.
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Shaking Off Instability
Guatemala’s new government has stabilized the economy but the country desperately needs a boost to fully recover from years of civil war and natural disasters.
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Business & Banking
Telmex Spins Off International AssetsMexico’s largest telecommunications company, Telmex, spun off its wireless and international holdings into a new company América Móvil in an offering on the New York Stock […]
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Cemex’s Stratospheric Rise
In the last decade, the Mexico-based cement company has transformed itself into a world-class company. The problem is, Cemex may eventually outgrow its home market.
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Codified Rules, Not Case Law
While based on similar constitutional principles, Mexico’s confined legal framework differs from the US common law system. Foreign investors should understand the basics of the country’s legal system and its enforcement.