In just three years Electricidade de Portugal (EdP) has built up more clients in Brazil than in its home market. The company’s expansion into Brazil began shortly before its privatization in 1997. Today EdP, which is 51% owned by the Portuguese government, has around 5.6 million clients in four Brazilian states – Rio de Janeiro, […]
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New Man at Brazilian Central Bank
New Man at Brazilian Central BankIlan Goldfajn is the new head of research at the Central Bank of Brazil, replacing Sérgio Werlang, who quit unexpectedly in August. The markets were impressed at the speed with which Armínio Fraga, the central bank president, found a high-caliber name to succeed Werlang. Fraga has assembled one of the […]
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Archive, 1993: Fujimori on Peru
Peruvian President Alberto Fujimori has established his country’s economy by cutting inflation from 7,600% in 1990 to 57% last year and trimming public sector deficit to 2.5% of GDP in 1992 from 6.5% in 1990. In March, Peru took a big step toward regaining its international financial composure by wiping away over $1.7 billion of arrears to the World Bank and the IMF. The IMF responded by authorizing Peru to draw a $1.4 billion credit over three years, with about $136 million to be channeled towards reducing the country’s commercial bank debt. The credit will support Peru’s economic program.
The President graciously delivered closing remarks at a recent LatinFinance conference held in Lima. Later, he answered some questions from Katherine Conradt concerning the country’s capital markets
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Archive, 1992: Betting on Collor
The events leading up to the President’s ouster had varied impacts on Brazilian markets and debt
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The 3rd Annual Andean Investment Forum
The Andean Investment Forum is a high-level, invitation-only summit created to bring together the international investment community with Andean public and private sector leaders for debate and discussion on the rapid evolution of the global financial markets, its effects on the Andean economies and emerging opportunities for corporate and sovereign financing.
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Terceiro Seminário Brasileiro de Finanças Estruturadas
Este evento pretende reunir investidores, estruturadores e emissores de transações de crédito estruturado para que sejam trocadas experiências práticas…
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The Infrastructure and Sub-Sovereign Finance in Mexico Summit
There is a vast deficit in infrastructure in Mexico and it is impacting the country’s potential for growth, competitiveness and stability. Public sector resources are being mobilized, but insufficient to meet the pressing needs and though capital flows – both local and international – into infrastructure projects have improved, the need for further private sector investment remains huge.
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Week ahead in the markets and on the pitch
Indicators rolling out this week as the World Cup monopolizes attention across Latin America
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Week Ahead: closing August with a punch
Employment numbers in Brazil, Mexico, Colombia and Chiile, Brazil’s 2Q GDP and Mexico trade sector.