Emerging & Frontier Markets
Lat Am: Boxed In By Circumstance
Latin American nations seeking fiscal fixes encounter a wide variety of factors beyond their control.
Latin America
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Features
Macri Measures Buck Populist Electorate
Foreign-currency bonds offer Argentina needed resources but come with heavy risks.
Capital Raising & Corporate Finance
Citi Earmarks $3.5 Billion For Argentine Clients
<strong>CREDIT LINE </strong>| On a visit to Argentina in August, Citi CEO Michael Corbat met with the country’s pro-market president, Mauricio Macri, and announced a $3.5 billion line of credit for the bank’s 1,300 corporate and institutional clients in the country.
Capital Raising & Corporate Finance
Cuba Says Welcome, But Bring Your Own Financing
<strong>Frontier Markets Report: Cuba</strong><br />
Obstacles and contradictions mar Cuba’s environment for foreign direct investment, but its market offers a wealth of opportunity.
Capital Raising & Corporate Finance
Parente To Lead Petrobras In Fire Sale
<strong>Brazil | </strong>Pedro Parente, who was appointed CEO of state-controlled oil producer Petrobras on May 19, brings both corporate and government experience to the new role.
Economics, Policy & Regulation
Peru’s New President Seeks Unity After Tight Race
<strong>Peru </strong>| Even though Pedro Pablo Kuczynski was elected Peru’s new president by a whisker, his victory was greeted with enthusiasm at home and abroad.
News
Political Mayhem Adds To Olympic Woes
<strong>Brazil </strong>| 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.
News
Brazil’s Finance Minister Faces Storm
<strong>Brazil</strong><br />
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.
Capital Raising & Corporate Finance
Argentina, Back From The Debt Wilderness
It’s been a long time coming, but Argentina is finally back. In mid-April, after being frozen out of global capital markets for 15 years, the country sold $16.5 billion of debt in an offering that was more than four times oversubscribed—the biggest bond ever sold in an emerging market.
Economics, Policy & Regulation
Shining Bright Amid Latin America’s Downturn
While Latin American economies are expected to shrink by roughly 1% this year, Mexico is slated to grow 2.2%.
Emerging & Frontier Markets
Agribusiness To The Rescue for Brazil
<strong>Milestones | Brazil</strong><br />
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.
Economics, Policy & Regulation
Argentina Making Peace With International Investors
<strong>Milestones | Argentina</strong><br />
As Argentina prepares to launch a new bond issue in April, marking its return to international capital markets, investors are once again turning their attention to Buenos Aires, which has known 15 years of isolation.