COVER STORY
LatAm Investment: A Promise at Risk
For the past year, investors have been flocking to Latin America, drawn by high real interest rates, natural resources and improving fiscal discipline. But war in the Middle East has sent oil prices soaring and shaken markets worldwide. The question now is whether the region’s investment boom can survive the shock.
FEATURES
Strategic Investment: The Big Shift
After decades on the margins, Latin America and the Caribbean is emerging as a favored destination for risk-averse strategic investors. As geopolitical tensions rise — including the conflict in the Middle East — investors are spending billions on assets that promise steady, long-term returns.
Mexico’s Delicate Balance
Investors have, so far, cheered President Claudia Sheinbaum deft handling of relations with Washington. But the upcoming USMCA negotiations could prove the real test for the country’s export-led model.
Pemex: Back From the Brink
Government support is easing the oil giant’s debt burden and tightening spreads, drawing investors back to its bonds.
Chile Markets: The Comeback Trade
Corporate bond issuance hits record levels as investors bet a more market-friendly policy environment will sustain Chile’s financial rebound.
Colombia Elections: Fiscal Risks in a Crowded Race
A fragmented presidential race leaves investors guessing about the country’s fiscal path as deficits widen and debt climbs.
Trade Finance: A New Opening
The EU–Mercosur free-trade pact promises only gradual economic gains, but lenders, insurers and exporters are already positioning for increased trade and investment across the Atlantic.
PARTING SHOT
Rethinking Economic Policy
At a time of immense global challenges, a focus on macro stability alone is not sufficient for sustained economic growth. A new playbook, argues Andres Velasco, must take into account innovation, state capacity and political legitimacy – for Latin America and the developing world more broadly.
AWARDS
Deals of the Year Awards Winners 2025
The LatinFinance Deals of the Year Awards — our flagship award series and the most coveted in the industry, with a 35-year history — identify excellence across the transaction markets (debt, equity, M&A) of Latin America and the Caribbean, picking out not only the most outstanding deals but also the year’s most exceptional institutions. 2025…