Editor’s Letter
Dear Reader, In this issue, we delve into the most pressing concerns in the run-up to Donald Trump’s return to the White House. His threat of import tariffs has already stoked a strengthening of the US dollar, hitting Latin American bonds and currencies. In our cover story, we look at how governments are facing pressure…
COVER PACKAGE
Q1 – A Hefty Price
Trump’s proposed import tariffs are expected to slam Latin American bonds and currencies, accelerating an outflow of capital as the dollar strengthens. Countries will face pressure to tighten their belts.
Energy Transition: The New Battleground
Trump’s plans to step up the trade war against China is expected to hit the car industry hardest. But Latin America’s place as the main battleground for critical resources for the energy transition — which includes electric vehicles — is set to grow regardless.
Sustainable Finance: All Green Ahead
Trump is expected to reverse climate disclosures and step up oil drilling, but sustainable finance will continue to grow in Latin America, focused as now on European investors.
FEATURES
Mexico Investment: Strength in Numbers
Trump’s proposal to hike tariffs on Mexican imports, coupled with a strengthening dollar, is a cause of concern for investors, but energy, infrastructure and housing are expected to gain regardless.
LatAm Banking: The Long Recovery
After a post-pandemic credit boom, most banks in Latin America have emerged solvent — but with plenty of challenges ahead.
LatAm Economy: In the Crossfire
With Trump returning to power, his proposed tariffs could slam Mexico. But Latin America also offers what the United States needs to match Chinese influence globally: manufacturing competitiveness and critical mineral resources. The region offers a way to reduce risk and restore balance, writes Duncan Wood, president and CEO of the Pacific Council.
2024 Banks of the Year Winners
Prudence had remained the watchword for Latin America’s top banks this past year as they continue to chart a cautious course to greater profitability in the face of substantial headwinds. LatinFinance’s annual Banks of the Year awards recognize excellence across the banking sector in Latin America and the Caribbean. In making their selections, the editorial…