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 […]
Category: Regions
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A Clean Balance Sheet
Bancolombia has gained the confidence of international investors and cleaned up its balance sheet. Now the bank must prove it can thrive in Colombia’s feeble economy and fend off foreign competition.
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France Telecom Swaps Shares
France Télécom has swapped its voting shares in Telmex, Mexico’s largest telephone company, for non-voting shares. The deal is part of a plan to make it easier to begin selling […]
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Glorified, but not Glorious
Rogelio Ramírez de la O, a Mexican economist, believes the international press and finanical community have exaggerated the accomplishments of President Ernesto Zedillo. De la O argues that in spite of his economic achievements, Zedillo has failed to create a new economic framework for Mexico and has left masses of workers outside the rising tide of global capital flows.
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Mexican Money Supply
Mexico’s central bank has won an outstanding reputation for executing sound monetary policy. Rarely has the central bank’s monetary expansion deviated from the path it has laid out each year. […]
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Peru’s Moment of Truth
Whoever wins the presidential election, international investors want to see Peru’s new leader stabilize the country’s finances. Even the faintest whiff of populism would discourage foreign investment.
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Mexico Approves Bancruptcy Code
Mexico’s Congress has approved two important new financial industry reforms, which the government hopes will make it easier for banks to recover loans and so resume lending. The previous legislation, […]
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Ecuador Wins IMF Support
The International Monetary Fund approved a $304 million loan for Ecuador, clearing the way for $2 billion in further loans and aid. The decision to resume lending is a setback […]
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Mexico Garners Japanese Buyers
In early May, Mexico successfully issued a 50 billion yen bond, pointing up the degree to which Japanese investors are becoming more comfortable – and interested in – emerging market […]
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The Credibility Conundrum
Ecuador’s finance minister and chief debt negotiator admits that foreign creditors have reason to doubt the country’s integrity. But Jorge Guzmán says radical economic changes can restore faith.