Latin America
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
Ashmore Group: Beware of Big Fiscal
Having exhausted most monetary policy levers, fiscal stimulus appears to be the ultimate go-to solution for lack of growth in the developed world – but it is often very costly, and tends to stand in the way of deeper, much-needed structural reform. Ashmore's Jan Dehn looks at how this dilemma may be resolved.
30 Apr 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
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
Scrapped New City Airport, Struggling Pemex Dominate Discussions at HSBC Mexico Roundtable
Mexican borrowers are gradually adjusting to the new market environment that has emerged since the inauguration of Andrés Manuel López Obrador, and amid broader emerging market volatility driven by the rise in global interest rates. Nevertheless, CFOs at a Breakfast Roundtable hosted by HSBC and Bonds & Loans in Mexico in February have raised important questions about some of the new…
21 Mar 2019
Brazil: The Battle for Reform
As the new government's agenda begins to take shape, Bolsonaro and Co may be better positioned than his predecessor to push through much needed reforms. But will he succeed? XPI economist Zeina Latif provides her take.
15 Mar 2019
SWOT Analysis: Brazil
On the back of a research trip to Brazil and conversations with bankers, law firms and investors operating in the country, Bonds & Loans offers a roundup of strengths, weaknesses, opportunities and threats influencing the investment and debt capital markets climate in the country.
13 Mar 2019