IDB's Moreno upbeat on a return to growth for LatAm
A return to growth by Brazil and Argentina in 2017 will underpin a rebound for the wider regional economy, the president of the Inter-American Development Bank tells Global Markets ahead of the launch...
View ArticleGuyana hits the jackpot after 'game changing' $40bn oil windfall
The tiny economy of Guyana is set be an oil producer by 2020 following the discovery of 2.3bn barrels of crude that could pump $40bn into a country of just 730,000 people. Finance minister Winston...
View ArticlePeru eyes silver lining to destructive rain clouds
Responding to the worst rainfalls in 20 years will be the first major test of Peru's president, Pedro Pablo Kuczynski, who won power eight months ago. The central bank has lowered forecasts for growth...
View ArticleWorld Bank pushes for LatAm regional trade in face of US protectionism
The World Bank's Latin America chief tells Global Markets the region must embrace trade and integration in the face of US protectionism, while the Institute of International Finance warns of a double...
View ArticleColombia set to reap rewards for post-slump discipline
Strong fiscal and monetary medicine appear to have turned around Colombia's economy after the slump in oil prices saw its revenues collapse and external deficit soar
View ArticleBNDES reform to open Brazil’s credit market
Brazil has unveiled a radical reform of the credit offered by its development bank BNDES. Planning minister Dyogo Oliveira tells Global Markets that the ambition is to securitize BNDES’ financing and...
View ArticleLatAm leaders rally round Paraguay as protests wreak havoc in capital
Financial leaders gathered in Paraguay for the IDB annual meeting threw their weight behind the host government, whose plans to allow President Horacio Cartes to run for a second five-year term...
View ArticleMarkets sanguine on Argentine debt as Tierra del Fuego preps bond
Argentina's second smallest province is lining up a bond issue that will bring the total issued by public sector entities over the last year to $40bn. Investors remain calm about the rising debt stock,...
View ArticleMexico hails potential rewards from 'Nafta 2.0' upgrade
Mexico's finance minister and deputy central bank governor have taken a positive stance on a renegotiation of Nafta in interviews with Global Markets, but analysts believe the trade row with the US...
View ArticleColombia's 4G programme unscathed by Odebrecht, says FDN
Development bank FDN is optimistic that Colombia’s flagship 4G road-building programme will emerge unscathed from the Odebrecht corruption scandal as the lender looks to play a more active role in the...
View ArticleSuriname to reboot economic policy ahead of IMF loan review
Almost a year after needing a $478m loan from the IMF, Suriname is embarking on a broad range of tax and policy changes to boost revenue and get ready for the next boom in commodity prices
View ArticleUncertainty awaits as Ecuador heads to the polls
The ruling party’s candidate in Ecuador’s presidential election, Lenin Moreno, is ahead in the polls. But analysts believe whoever wins on Sunday will have to deal with a stumbling economy and...
View ArticlePanama eyes $1bn bond to meet 7% economic growth goal
Panamas finance minister tells Global Markets that his country can hit economic growth of 6%-7% a year as he sets out plans to use a $1bn international bond to improve infrastructure and revitalise...
View ArticleAbengoa revisited: Isolux has four months to avoid insolvency
Just two working days after shares in 'New Abengoa' began trading, the Spanish engineering and construction sector was hit on Monday by another credit risk crisis — Isolux Corsán has until July to find...
View ArticleEFSF prepares barbell as QE slows
The European Financial Stability Facility (EFSF) will kick off its second quarter funding programme with a dual tranche. The deal hits screens as the European Central Bank cuts its asset purchase...
View ArticleAfreximbank opens up to Asia through Samurai syndication
African Export-Import Bank has tapped into Asian liquidity with a Samurai syndicated loan, paving the way for other African borrowers.
View ArticleEurofima makes SRI debut, green bond could follow
Eurofima sold its first socially responsible investment (SRI) note on March 30, raising $100m with a 10 year MTN. Michele Montefiori, head of capital markets at Eurofima, is keen to follow up with a...
View ArticleCredit Bank of Moscow feeds Russian loan hunger
With bankers grappling for Russian deals, Credit Bank of Moscow has come out on top, signing an oversubscribed $500m syndicated loan.
View ArticleMadrid and CEB land in blooming SRI market
A pair of European borrowers debuted socially responsible investment bonds on Monday, raising a combined €1.2bn, with one able to tighten its price by several basis points.
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