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. […]
Category: Regions
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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.
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ABN AMRO Opens Mexican Brokerage
With an eye toward the expected flood of new investment-grade issues in Mexico, Netherland’s-based ABN AMRO is launching a brokerage business in Mexico, the only big market in Latin America […]
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Brewer Appoints Marketing Director
Mexico-based brewer Femsa Cerveza has named former Coca-Cola executive Randel Thomas Ransom its new marketing director, replacing Jorge Montemayor who has become a dean at the Instituto Tecnologico y de […]
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CIE Names CEO
Corporacion Interamericana de Entretenimiento has named Rodrigo Gonzalez Calvillo, its general director in Mexico, as chief operating officer. Gonzalez Calvillo has served on the company’s board of directors since 1995 […]
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Mexico and Venezuela Post Best Performance to Date
Steadily rising oil prices have pushed up Mexican and Venezuelan bond prices since January. However, they are not doing much better than the benchmark EMBI+ index, which has gained 9% […]
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ScotiaBank Buys Controlling Stake in Inverlat
Canada’s Bank of Nova Scotia is spending $40 million to become the majority shareholder in Grupo Financiero Inverlat SA, the struggling Mexican bank that was rescued by the government. ScotiaBank […]