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Americas

Total Eren: ECAs Key to Argentine Power Funding as Banks Sit Out the Volatility

RenovAr, Argentina’s flagship solar and renewables programme, has struggled in recent months due to the severe macroeconomic challenges weighing on the country. But as the country’s markets stabilise, developers focused on the region remain cautious as upcoming elections later this year could result in a change of direction. We speak with Martin Parodi, Managing Director, Total Eren Argentina,…

14 May 2019

Brazil: The Beginning of New Politics?

A good way to evaluate the beginning of Bolsonaro’s government, in terms of economics, is to establish the degree of continuity with the previous government's agenda. In October, I argued that, in spite of the political renewal, it would be essential to continue the economic reforms initiated by Michel Temer. In this respect, there is both good and bad news.

9 May 2019

HSBC Brazil CEO Sees Funding Opportunities as Turnaround Continues

As key reforms progress through the various arteries of Brazil’s governments, most investors and lenders remain resolutely optimistic about the market’s prospects – few more than HSBC, which recently announced its intention to significantly expand its presence in the country and re-establish itself as one of its top international banks.

8 May 2019

Brazil: Lack of Focus or Lack of Interest?

President Bolsonaro loses focus all too easily. Instead of discussing public policies to promote growth and tackle high unemployment, he again criticized IBGE’s methodology for determining the unemployment rate. He says that these numbers serve "to deceive the populace," thus implying that the situation is better than the data indicated.

2 May 2019

Latin America Loan Market Heats Up as Hard Currency Liquidity Comes into Focus

Latin American borrowers continue to see strong demand from lenders and investors following a hectic year of elections in many of the region’s largest economies. We speak with Mauricio Voorduin, Managing Director, Latin America Regional Head; David Costa, Managing Director, Head of Latin America Finance; Sara Pirzada, Managing Director, Loan Syndications; and Mark Tuttle, Managing Director, DCM…

26 Apr 2019

Brazil: Gravity Already Pulling Down Bolsonaro’s Ratings

The recent nosedive in the government’s approval ratings indicates at least one thing quite clearly: Bolsonaro’s honeymoon period is over, writes Zeina Latif.

23 Apr 2019

Andean Borrowers Cut Through Volatility to Win Big at Bonds & Loans Latin America Awards

Despite a slowdown in some of the Andean region’s powerhouse economies and souring emerging market investor sentiment, many borrowers were unperturbed and moved into markets with inaugural, innovative transactions through much of last year. We take a closer look at some of the transactions originating from the region that won top prize at this year’s Bonds & Loans Latin America Awards.

17 Apr 2019

Mexico & Brazil: Populism’s First 100 Days

In elections last year, voters in both Brazil and Mexico opted overwhelmingly for populist candidates. To be sure, Latin American populism takes many shapes. In Mexico, Andres Manuel Lopez Obrador’s version (AMLO) promised significantly higher spending on social programmes and infrastructure. Brazil’s new President, Jair Bolsonaro, has pledged assertive efforts to clamp down on crime and boost…

9 Apr 2019

After Only 86 Days, Brazil's Bolsonaro Is Feeling the Heat

As Bolsonaro nears three months in office, problems are beginning to pile up, but some bright spots in the economy provide a silver lining, suggests Barings Investment's Emerson de Pieri in his analysis.

2 Apr 2019

Argentina: An Economy in Election Mode

Miguel ZIelonka, chartered financial analyst at Econviews, provides some insight into some of the pain points impeding Argentina's economic recovery and measures the government is implementing to mitigate some of those threats.

28 Mar 2019

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