The World Bank has said it will lend Ecuador $161.5 million to strengthen the country’s weak banking system and its management of state funds. The World Bank will issue a […]
Category: Regions
Posted inMagazine
Shifting Shares in the Colombian Banking System
Foreign banks have bought a substantial chunk of Colombia’s banking system as they have in most other Latin American markets. Foreign-owned banks now account for 42% of the country’s financial […]
Posted inMagazine
Consortium To Power Metals Producer
Alstom, the French-British power contractor, and Sithe Energies won a $300 million contract to build a power plant in Mexico for Industrias Peñoles, the world’s biggest silver producer. Alstom and […]
Posted inMagazine
Going Local for Longer-Term Loans
With inflation in check and a modest debt repayment schedule, Mexico wants to develop its internal debt market with fixed-rate bonds. Is the market ready to assume the risk?
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Imsa Buys Steel Venture
Mexico’s steelmaker Imsa is buying the steel division of Australia’s Broken Hill Propietary for about $230 million. Imsa already makes auto batteries and construction equipment in the US. Imsa recently […]
Posted inMagazine
Laws to Enforce a Payment Culture
Mexico has Latin America’s strongest economy but one of the region’s weakest banking systems. New legislation is meant to encourage lending, but politics and capricious courts remain an obstacle.
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New Leadership at Grupo Tribasa
Grupo Tribasa, the financially troubled Mexican construction company, has made Salvador Linares, a board member, its new chief executive. He replaces David Peñaloza, the company’s chairman. Tribasa also named José […]
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FDI Bolsters Bolivian Economy
Foreign direct investment has flowed into Bolivia at a faster rate than in any other Latin American country since the mid-1990s. In 1998, almost $900 million entered the country, equivalent […]
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Softbank Makes its Move
Softbank Latin America Ventures, the Latin American investment arm of Softbank, the Japanese Internet company and STI Ventures, a venture capital company, have invested $15.6 million in From2.com, a logistics […]
Posted inMagazine
Colombia Fights to get its Message Across
Colombia has not looked this bad for many years. Civil conflict, a deteriorating economy and political disarray are keeping investors away. Bogotá has a tough sales job.