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.
Category: Regions
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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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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 […]
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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.
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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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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 […]
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Carlos Slim Slams Banacci
Spain’s Banco Bilbao Vizcaya Argentaria received some useful moral support from Carlos Slim, Mexico’s richest and most successful businessman, in its bid to take over the country’s second-largest bank, Bancomer. […]
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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. […]