Andes
Chile Likely to Get USD23.8bn Flexible Credit Line from IMF
IMF Managing Director Kristalina Georgieva is likely to approve Chile’s request for a USD23.8bn flexible credit line from the Fund, it said in a statement.
13 May 2020
Chile, Colombia Enlist Banking Sector to Help Channel Relief for Businesses and SMEs
The Andean nations are relying on banks to help disburse pandemic support packages into the wider economy – but will near-zero interest rates feed through to borrowers?
21 Apr 2020
The Top 10: Latin America’s Deals of the Year
Bookended by a volatile 2018 and an exceedingly turbulent 2020, last year was one of the busiest on record for Latin America’s credit markets, impressing not just by volume and number of transactions but also by their increasing complexity and inventiveness of the structures deployed, making the selections for the Latin America Deals of the Year Awards tougher than ever. Multi-jurisdictional…
1 Apr 2020
Latin America’s Governments Rush Through Stimulus Measures to Counter Pandemic Impact
Brazil, Argentina, Peru and Colombia have announced urgent fiscal stimulus measures to compliment monetary policy moves introduced over the past two weeks to sooth markets after a huge spike in volatility.
20 Mar 2020
ESG In Infrastructure: Building a Sustainable Future for Latin America
Sustainability is becoming a crucial consideration in the development of infrastructure across the globe, particularly in Latin America – which is facing one of the biggest infrastructure gaps in the emerging world while also remaining exceedingly vulnerable to the effects of climate change. The region’s top investors and developers explored the nexus of sustainable investing, project…
10 Mar 2020
Peru’s Current and Fiscal Account Deficits Narrowing Despite Softer GDP Growth – Itau
Weak domestic demand, due to low gross public investment, is a drag on GDP growth, according to the bank’s research.
25 Feb 2020
CASE STUDY: Quiport Lands First Corporate Bond Out of Ecuador in Decades
The bond proceeds have gone towards refinancing the first greenfield airport project in Latin America in 10 years.
21 Feb 2020
Colombia’s Tax Law Passed by Congress, Faces Final Hurdle in Courts
Dubbed “Growth Law”, the controversial legislation could indeed boost the economic expansion, but comes with a number of caveats, BBVA analysts warn.
9 Jan 2020
Bolivia: Political Upheaval Undercuts Latin America’s Socialist Fairy Tale
The flight of Bolivia’s president Evo Morales following street protests and an intervention by the country’s armed forces was in some ways the least unexpected turn of events making waves across Latin America’s political landscape. While for the last decade the Andean nation has been a beacon of stability and high growth, much of it came from generous but unsustainable fiscal policies ripe for…
5 Dec 2019
Private Credit in Latin America: Helping SMEs Transition to Corporate Finance
The asset class that first came to prominence in the region several years ago is resurfacing in a big way, driven by investors’ hunger for yield and diversification, helping SMEs and corporates source alternative funding in the meantime. But questions are being asked about the sustainability of private debt were the global environment to deteriorate and liquidity to drain from the market.
28 Nov 2019
Colombia: Latin America’s Shining Star Dims amid Tax Law Setback
As the wave of social unrest spreads across Andes, investors are becoming wary of risks surrounding Colombia. In late October, the government presented a revised tax reform proposal to Congress after the initial bill was overturned due to procedural failings. While the new proposal is expected to pass, questions remain over the fiscal impact of the reform – and what it means for the outlook in…
26 Nov 2019
Off the Record: Low Rates Supporting Issuance Volumes in Latin America as Libor Transition Looms
In 2020, Latin America’s largest markets are largely going be to characterised by picky investors, persistently low yields, infrastructure development, LIBOR-related woes, and socio-political upheaval, according to dozens of bankers, investors, lawyers and credit ratings agencies who spoke with Bonds & Loans on a recent trip to the region. We’ve summarised the top five themes likely to drive the…
12 Nov 2019
Latin American Democratic Institutions Are Under Attack – Should Investors Worry?
October 2019 was a shockingly turbulent month for South America, but what does it mean for international investor sentiment about the region, asks John Price, Managing Director at Americas Market Intelligence.
5 Nov 2019
CASE STUDY: Key Autopista Al Mar 2 Project Financing Closed Despite Trade Tensions
One of the most recent infrastructure development projects to be closed in Colombia encountered some last-minute hurdles due to the escalation in tensions between the US and China, making it among the most complex financings out of this country in recent years.
23 Oct 2019