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Andes

Latin America’s Governments Rush Through Stimulus Measures to Counter Pandemic Impact

Brazil, Argentina, Peru and Colombia have announced urgent fiscal stimulus measures to compliment monetary policy moves introduced over the past two weeks to sooth markets after a huge spike in volatility.

20 Mar 2020

Americas Policy & Government Andes

ESG In Infrastructure: Building a Sustainable Future for Latin America

Sustainability is becoming a crucial consideration in the development of infrastructure across the globe, particularly in Latin America – which is facing one of the biggest infrastructure gaps in the emerging world while also remaining exceedingly vulnerable to the effects of climate change. The region’s top investors and developers explored the nexus of sustainable investing, project…

10 Mar 2020

Peru’s Current and Fiscal Account Deficits Narrowing Despite Softer GDP Growth – Itau

Weak domestic demand, due to low gross public investment, is a drag on GDP growth, according to the bank’s research.

25 Feb 2020

CASE STUDY: Quiport Lands First Corporate Bond Out of Ecuador in Decades

The bond proceeds have gone towards refinancing the first greenfield airport project in Latin America in 10 years.

21 Feb 2020

Colombia’s Tax Law Passed by Congress, Faces Final Hurdle in Courts

Dubbed “Growth Law”, the controversial legislation could indeed boost the economic expansion, but comes with a number of caveats, BBVA analysts warn.

9 Jan 2020

Bolivia: Political Upheaval Undercuts Latin America’s Socialist Fairy Tale

The flight of Bolivia’s president Evo Morales following street protests and an intervention by the country’s armed forces was in some ways the least unexpected turn of events making waves across Latin America’s political landscape. While for the last decade the Andean nation has been a beacon of stability and high growth, much of it came from generous but unsustainable fiscal policies ripe for…

5 Dec 2019

Private Credit in Latin America: Helping SMEs Transition to Corporate Finance

The asset class that first came to prominence in the region several years ago is resurfacing in a big way, driven by investors’ hunger for yield and diversification, helping SMEs and corporates source alternative funding in the meantime. But questions are being asked about the sustainability of private debt were the global environment to deteriorate and liquidity to drain from the market.

28 Nov 2019

Colombia: Latin America’s Shining Star Dims amid Tax Law Setback

As the wave of social unrest spreads across Andes, investors are becoming wary of risks surrounding Colombia. In late October, the government presented a revised tax reform proposal to Congress after the initial bill was overturned due to procedural failings. While the new proposal is expected to pass, questions remain over the fiscal impact of the reform – and what it means for the outlook in…

26 Nov 2019

Off the Record: Low Rates Supporting Issuance Volumes in Latin America as Libor Transition Looms

In 2020, Latin America’s largest markets are largely going be to characterised by picky investors, persistently low yields, infrastructure development, LIBOR-related woes, and socio-political upheaval, according to dozens of bankers, investors, lawyers and credit ratings agencies who spoke with Bonds & Loans on a recent trip to the region. We’ve summarised the top five themes likely to drive the…

12 Nov 2019

Latin American Democratic Institutions Are Under Attack – Should Investors Worry?

October 2019 was a shockingly turbulent month for South America, but what does it mean for international investor sentiment about the region, asks John Price, Managing Director at Americas Market Intelligence.

5 Nov 2019

CASE STUDY: Key Autopista Al Mar 2 Project Financing Closed Despite Trade Tensions

One of the most recent infrastructure development projects to be closed in Colombia encountered some last-minute hurdles due to the escalation in tensions between the US and China, making it among the most complex financings out of this country in recent years.

23 Oct 2019

Grupo Argos CFO on Sector Strategy, Picking Relationship Banks, and Sustainability

Grupo Argos S.A is a Colombian conglomerate with large investments in the cement and energy industries, with operations in the United States, Panamá, Honduras and the Caribbean, and assets in various sectors from transport to real estate. The Group’s CFO Alejandro Piedrahita spoke with Bonds & Loans to discuss the group’s major businesses, the company’s bold new bid to build a new logistics hub…

15 Oct 2019

HSBC Sees Green ‘Truly Entering Mainstream’ as Chile Takes ESG Funding Innovation to Next Level

Chile’s impeccably timed and well-executed debut foray into the Green bond market set a number of milestones, building on a growing pipeline of Green and ESG-linked transactions in the Americas, and reinforcing the trend that these formats are viable components of the funding toolkit for a broadening range of organisations. More impressively so, Chile executed its inaugural Green issuances in USD…

9 Oct 2019

Corruption, Political Deadlock Slow Peru’s Infrastructure Development Progress

As the Odebrecht scandal continues to resonate across Latin America, Peru remains one of the hardest hit regional economies, suffering the fallout both on its political establishment and subdued foreign investment at a time when the public sector is retrenching from key economic segments. The unexpected success of the referendum in January opened a path towards reform that could revitalize the…

19 Aug 2019

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