Capital Markets | Project Finance
Brazil’s multinational metals and mining group Vale has signed a $2.1 billion agreement with the Export-Import Bank of Korea.
Newsmakers | Nicaragua
When Nicaraguan president Daniel Ortega announced last December a plan to construct a controversial transoceanic waterway that would provide an alternative to the Panama Canal, he vowed the project would create jobs and bring prosperity to the hemisphere’s second-poorest nation.
The annual meetings of the International Monetary Fund and World Bank in Lima, Peru, in October, will provide world leaders with the right stage to discuss poverty and inequality and suggest ways for Latin American economies to foster growth less dependent on commodities, according to former president of Peru, Alejandro Toledo.
Trends | Global Banking
On the surface at least, Spain’s Banco Santander and Cloud storage providers do not appear to have much in common.
Frontier Markets Report | Costa Rica
Costa Rica has a long history of actively and successfully seeking outside investment. However, the country is dealing with high unemployment and an uncertain fiscal outlook, given that the government plans to ramp up spending on social programs, which could raise the debt level.