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Latin America

District of Bogata to Issue COP600mn in Bonds

Bogata’s District Ministry of Finance yesterday announced plans to issue COP600bn (approx. USD152mn) pesos in local bonds to counter the effects of the COVID-19 pandemic. The bonds are AAA rated and the transaction is being arranged by Itau.

7 May 2020

As Latin America Enters Crisis Mode, Ritch Mueller Expects More Market Stratification, Refinancing Opportunities

While crises tend to create new opportunities for the legal community, the current pandemic-induced downturn is creating unique challenges – economic, professional and logistical – for companies and law firms alike. But when the dust settles, some restructurings and M&A deals are likely to come through, and law firms will need to stay alert to their clients' needs to make the most of it, says…

1 May 2020

Costa Rica, Dominican Republic Given Emergency Lifeline by the IMF

The IMF has accelerated coronavirus-related disbursements of emergency funding to Latin America, with both Costa Rica and the Dominican Republic securing crucial financial assistance from the Fund.

30 Apr 2020

IMF Approves USD274mn Support Package to Paraguay

The IMF’s Executive Board has approved a USD274mn emergency support package for immediate disbursement to Paraguay in order to alleviate the economic shock caused by COVID-19.

23 Apr 2020

Vive Energia: ‘In Times of Crisis, All You Can Do is Push Ahead’

Vive Energia, a Renewable Energy Development Company and Consulting Firm, is going ahead with a number of wind and solar energy projects across Mexico, even as volatility engulfs global markets and liquidity drains out of EM assets. Jose Antonio Aguilar, Principal at Vive Energia, talks about pros and cons of project financing, the idiosyncratic challenges of the energy sector in Mexico and the…

17 Apr 2020

Argentina: as Default Looms, Currency Depreciation, Inflation Begin to Bite

As tough negotiations with creditors over the country’s USD70bn debt pile continue, a further decline in the peso and rising food prices are adding to the ever-growing list of issues facing the country’s population.

17 Apr 2020

Ecuador Shows Why Investors Should Engage in ‘Consensual’ Solutions to COVID Crisis - Ashmore

Ecuador, like many EM countries, has been shaken by a toxic cocktail of coronavirus, crashing oil prices and restricted access to financial markets. But according to Jan Dehn, Head of Research at Ashmore, Ecuador’s approach to dealing with the crisis – defined by pro-active engagement with creditors – is one others in the market should learn from.

17 Apr 2020

As Latin America Hunkers Down to Tackle Coronavirus, How Vulnerable is Brazil?

Latin American countries are hunkering down amidst an escalating pandemic, testing the resilience of businesses, banks, and investors, with many observers sharply focused on how one of the region’s largest economies – Brazil – will weather the storm.

16 Apr 2020

Additional Stimulus Measures Announced as Colombia Extends Nationwide Quarantine by Two Weeks

Despite the severe damage dealt to the fiscus from the global and local economic slowdown, a slower-than-expected spread of the virus in Colombia has provided much needed respite.

9 Apr 2020

Sovereigns, High-Grade Corporates to Drive Debt Capital Markets Revival in Latin America

Latin American markets have been among the hardest hit by the current global downturn even as many of these economies are only at the early stages of the coronavirus outbreak. But a stabilization in global equity and bond markets will prompt sovereigns and the stronger corporate credits to return.

9 Apr 2020

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