Growth remains insufficient to close income gaps and both public-debt levels and interest burdens are high, the bank says in a new report
Category: Economy & Policy
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Argentina wins US backing in YPF case
US says it would be “improper” for the Argentine firm to make a $16-bln payment to the plaintiffs in an ongoing expropriation case
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Ecuador raised to B- by Fitch
Sovereign gets its second upgrade from an international agency since last month’s cross-border issue
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Peru’s president rethinks PM pick
The country’s new acting president chooses his predecessor’s finance minister rather than Hernando de Soto to become prime minister
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Celebrated economist to lead new Peru cabinet
Peru’s new interim president says that as prime minister, Hernando de Soto will help avoid any “economic shocks”
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Tax change stirs Argentine bond market
Arcor and Luz de Tres Picos are the next issuers to price deals, as a new tax law spurs demand for local securities
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Peru’s new president pledges stability amid political turmoil
New leftist leader says he won’t make changes to macroeconomic policy in the run-up to a hotly contested general election
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Peru ousts another president
Congress will hold a vote on Wednesday to elect a replacement for José Jerí, who lasted less than five months as interim leader
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Brazil presidential hopeful woos investors
Senator Flávio Bolsonaro outlines his economic priorities at BTG Pactual event, as Lula’s lead narrows in latest poll
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Argentina in no hurry to sell global bond
Caputo says government plans to continue raising funds by other means, leaving more room for corporates, provinces to issue