Adversity builds resilience: Inured to the region’s perennial issues, Latin American banks keep finding a way to prosper.
Enrique Alvarez, head of Strategy at Santander, talks about the impact of digitization, mobile banking and other groundbreaking technologies being put to work in Latin America.
Global Finance sat down with the CEO of Produbanco to discuss the mounting challenges for Ecuadorian banking.
Chinese state company's purchase of Chilean lithium-maker would create one company with control of 70% of the world's lithium supply.
A nascent global recovery is improving prospects across Latin America and the Caribbean—albeit unevenly.
Click here for more on the Caribbean's economic recovery.
Despite hurricane damage, average economic growth in the Caribbean is expected to top the Latin American average according to the IMF. However, Dominica's GDP is expected to decline and weak growth is likely in Puerto Rico and the U.S. Virgin Islands where pre-existing macroeconomic weaknesses were compounded by storm damage.
Peso volatility and investor caution are likely to linger through the middle of the year.
Just two of several programs over the past two years have attracted $45 million from local and foreign private inerests and created at least 8,000 jobs.
Turning old violent areas into competitive coffee producers still faces some obstacles.
Meirelles has fed his political ambitions since vacating his position as president of global banking at FleetBoston Financial in 2002, when he retired and returned to the state of Goiás, his homeland.
Venezuela’s external debt is variously estimated between $120 billion and $143 billion, including as much as $63 billion of foreign bonds.
As Latin America’s laggards recover, growth is trending toward a regional norm of slow but steady.
The country recorded a GDP growth of 2.7% for the second quarter of 2017 after almost two years of negative growth.
The bank's CEO Jose Marcos Ramirez Miguel sees less risk now from revising the regional trade deal, even a "very positive impact" on Mexico's economy.
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.