Latin America
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
Central Bank of Brazil Prohibits Dividends, Pay Rises for Banks
The National Monetary Council (CMN) of the Central Bank of Brazil has temporarily prohibited pay rises for financial institutions in the country until September 2020. The ban is aimed at ensuring that funds are used to maintain credit and to absorb any future losses that may occur.
6 Apr 2020
The Top 10: Latin America’s Deals of the Year
Bookended by a volatile 2018 and an exceedingly turbulent 2020, last year was one of the busiest on record for Latin America’s credit markets, impressing not just by volume and number of transactions but also by their increasing complexity and inventiveness of the structures deployed, making the selections for the Latin America Deals of the Year Awards tougher than ever. Multi-jurisdictional…
1 Apr 2020
Loans in Brazil Creep Up as Lockdowns Force Companies to Tap into Credit Markets
Non-earmarked loans increased 1.4% month-on-month in Brazil, while earmarked loans dropped 2.6% in the same period, central bank figures show, with overall loan delinquencies stable at 3% in seasonally adjusted terms.
1 Apr 2020
Policy Measures to Soften the Blow for Latin America as Pandemic Enters New Phase - Scotiabank
So far, data on the spread of COVID19 in Latin America suggests the worst is yet to come, and the full economic impact on growth will be significant. But the measures already taken – and those being prepared – by governments in the region should soften the blow, a Scotiabank report suggests.
30 Mar 2020
Mexico Growth Outlook Sinks as Focus Shifts to Healthcare, Support for Most Vulnerable
The impact of the COVID-19 pandemic is expected to generate a significant GDP contraction, BBVA analysis indicates, as care and support for the most vulnerable should be given priority over immediate fiscal objectives.
25 Mar 2020
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
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
As Oil Plummets, Pemex Seeks to Shore Up Finances with Braskem Idesa Contract Renegotiation
Mexico’s president, who famously scrapped the partially-completed New Mexico Airport project, is similarly intent on cancelling the oil giant’s contract, which he feels was signed under unfavourable terms. What that will mean for Pemex’s credit – and for the already souring investor sentiment around Mexico – is another question.
29 Feb 2020