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Easing the Crunch pt2

The year 1995 promises to be a difficult one for Mexico. Government, banks and corporations now face a number of challenges. Astronomical domestic interest rates and severely restricted capital inflows point to a serious recession in 1995, with effects to be felt throughout the Mexican economy

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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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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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