The government plans to make $12.5bn in infrastructure investments over the next five years, ranging from hospitals and eduction to railways
Category: Web Articles
Posted inWeb Articles
Chile’s president names Mario Marcel as new central bank head
One of the central bank’s five governing board members, Marcel will succeed Central Bank President Rodrigo Vergara in December
Posted inWeb Articles
Fitch downgrades Venezuela’s PDVSA
Rating agency cuts the state-owned oil company to CC from CCC one day after PDVSA announces the results of a debt swap intended to ease a crippling cash crunch
Posted inWeb Articles
Paraguay awards first highway PPP
Nearly three years after congress passed legislation to stimulate the use of PPPs, the government awards the first contract to expand two federal highways
Posted inWeb Articles
Petrobras settles with Pimco, other investors over graft scandal
The state oil company reached an agreement with investors who filed lawsuits arguing executives kept the shares prices artificially high by covering up the extent of the corruption scandal
Posted inWeb Articles
Moody’s upgrades Petrobras on asset sales, fuel pricing
Rating agency raises Petrobras’ credit rating one notch to B2 but still views its 2017-2021 business plan as “challenging”
Posted inWeb Articles
Mexican builder ICA says CEO has died
The death of Luis Zarate comes as the company is working to restructure its debt after a $1.35 billion default
Posted inWeb Articles
Chile plots a return to international bond markets
Chile will issue dollar bonds in 2017, although it has enough funds for the next three years, Chile’s finance minister says
Posted inWeb Articles
Brazil, China team up to create $20bn infrastructure investment fund
Chinese capital will contribute $15bn, while up to $5bn will come from Brazil
Posted inWeb Articles
Colombia’s tax reform faces political challenges
A leading political party questions the timing of a plan by Colombia’s finance minister to seek tax hikes to retain the country’s investment grade