The purchase of one of Mexico’s most successful banks has transformed Citigroup into the largest private sector financial institution in Latin America with $49 billion assets in the region.
Category: Regions
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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.
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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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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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Bailing Out the Banks
The government is cleaning up the banking system, but Jamaicans are still paying a heavy price for botched financial liberalization in the 1990s.
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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.
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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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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.
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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.
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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.