As this issue went to press, Ollanta Humala – a nationalistic former army commander and pal of Venezuela’s Hugo Chávez – had won a spot by a strong margin in the second round of elections for the Peruvian presidency. The final vote is expected to take place sometime before June. In a country that has […]
Remittances to Latin America and the Caribbean by Donald Terry, Manager, and Pedro de Vasconcelos, Coordinator, Remittance Program Multilateral Investment Fund Call it the case of the missing billions. For decades, millions of migrant workers have been sending billions of dollars back to their home countries to support their families. Yet the impact of these […]
ADRs used to be a vital source of capital for companies, but now many equity issuers in Latin America are staying local.
Sending the Money Home: The Market for Remittances by Jan Smith, Director Financial Services Practice, InfoAmericas Family remittances from Latin Americans working in the developed countries are now the largest source of capital inflow into the region, exceeding net foreign direct investment (FDI) and official development assistance combined. In 2005, remittances to Latin America and […]
Central Bank Leadership CouncilAs a one-off event at this year’s IDB meetings, LatinFinance organized an informal meeting of central bank officials co-hosted by Stuart Allen, LatinFinance’s CEO and Brazilian central bank governor Henrique Meirelles. Participants discussed topics including: preservation of central bank independence in a volatile political environment; behavioral finance theory and its application to […]
América Móvil and Telmex’s $3.7 billion acquisition of Verizon’s Latin American and Caribbean assets gives Carlos Slim a leg up in the region over Spain’s Telefónica.
Augusto Urmeneta, a director in Merrill Lynch’s capital markets group, explains why the hottest new innovation on Wall Street – hybrid securities – could become more relevant for Latin America.
Swedish-born businessman Lars Thunell shares his vision for the IFC as it moves into its sixth decade of financing the private sector in developing countries.