After more than seven years at the head of Bank of Mexico, Agustín Carstens, 59, leaves a country “more resilient,” he tells Global Finance Magazine, as he moves to a new post at the Bank for International Settlements. With the Americas at risk from rising protectionism, Carstens emphasizes the benefits of NAFTA. It’s better, he says, to tackle directly the negative impacts of globalization than to push back against widely beneficial economic integration.
The bank's chief economist Rodrigo Aravena sees more growth for the country and the region although economic risks remain.
These are the ratings for central bank governors for the Americas region in 2017.
With the state-owned National Bank for Economic and Social Development ending its subsidized credit lending practice in Brazil, state and private retail banks will have to step in to support the long-term credit market unlike at present.
With a growing budget deficit, Brazil is struggling to climb out of recession and become globally competitive.
Peru is expected to invest $1.5 billion in infrastructure for the games, including sporting facilities required by the International Olympic Committee (IOC) and at least 16 projects to improve chaotic traffic in the capital.
Emerging markets took 9% of the global total of $240 billion invested by private capital funds during the the first half of 2017, the highest share since before emerging markets’ sudden fall from grace in 2011.
Venezuela’s state-owned oil company is struggling to make bond payments, and could put US oil company Citgo up for sale to Russia’s Rosneft.
With Latin growth poised to accelerate, Santander is positioned to benefit from improved growth and stability, says Antonio Cortina, deputy director of economic research
El Nino storms have caused Peru more than $12 billion in damage, and are expected to shave a full percentage point off the country’s GDP this year.
Famously fit Fabio Schvartsman faces environmnetal, financial and market challenges as newly appointed CEO of Brazilian iron-ore maker Vale.
With asset prices low while fundamentals are improving, Latin American economies are poised for a rebound.
A positive macroeconomic outlook and a sharp decline asset prices are once again making Brazilian investments attractive for large international private equity firms, which are cautiously returning after three years of economic crisis.
Ratified by more than 110 of 164 member countries, the Trade Facilitation Agreement (TFA) has gone into force, launching “a new phase for trade facilitation reforms all over the world,” according to the WTO.
Paraguay has emerged from the shadows of its larger neighbors Brazil and Argentina to become the “little China” of South America. Its against-the-odds economic success story is sustained by an investment-friendly climate and strong fiscal discipline.
New mayor of São Paolo João Doria, a businessman, plans to sell the racing circuit of Interlagos and the operation of Pacaembu soccer stadium.
António Guterres, the former prime minister of Portugal and UN high commissioner for refugees, took over on January 1 for a five-year term as the United Nations secretary general. The fact that Guterres ran a major UN agency during a global refugee crisis would help him to focus on ways to better integrate the various UN operations and to partner with other institutions.