Denise Chrispim Marin

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.

Chile expects lithium based  “white petroleum” industry to attract $10 billion in investment and generate 10,000 new jobs.

Encouraged by its successful bond sale in June, Argentina is planning another bond offer. But some experts are cautious ahead of October's midterm election.

Recent scandals and tragedies involving Brazilian companies, banks and public-sector agencies are turning into an opportunity for public-relations firms.

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.  

Brazil’s administration faces an approval rating of only 10.3% and the unpredictable course of corruption investigations. But president Michel Temer still has a major opportunity to get Congress this year to approve his ambitious and unpopular austerity reforms of social security, labor laws, and the opening of rural land and domestic airline sectors to foreign investors.

New mayor of São Paolo João Doria, a businessman, plans to sell the racing circuit of Interlagos and the operation of Pacaembu soccer stadium.

Foreign-currency bonds offer Argentina needed resources but come with heavy risks.

Latin American nations seeking fiscal fixes encounter a wide variety of factors beyond their control.

Brazil | Despite the optimistic expectations in 2009, when Rio de Janeiro was chosen to host the 2016 Summer Olympic Games, the competition in August is not likely to show Brazil in the best light.

Brazil
Well known for his caution, Brazil Finance Minister Henrique Meirelles is well aware of the enormity of his nation’s fiscal hole. Brazil is likely to report a primary deficit of $36 billion this year, instead of the $6.8 billion surplus previously forecast.

Milestones | Brazil
In this time of recession, Brazil’s economy is becoming more agribusiness-oriented. The sector generated 23% of Brazilian GDP last year, after 21.4% in 2014, and accounted for 46.3% of total exports.

Brazil: The Banco Central do Brasil gave new Finance minister Nelson Barbosa a bit of help on January 20, when it decided to hold the short-term interest rate, the Selic, to 14.25%.

The axe fell on Brazil heading into 2016 as it suffered a downgrade to junk status by Fitch Ratings, heightening the air of crisis as the beleaguered nation grapples with political turmoil and recession.

Corporate Governance | Management
Selling the assets could improve BTG’s net worth by 20 billion reais ($5 billion). 

Trends | Taxation
Brazil is well known in the global business sector for its tax complexity, heavy tax burden (around 35% of GDP) and high use of technology for tax collection. Not for nothing do Brazilians call their tax authority—Receita Federal do Brasil—“the Lion.”