Despite the sympathy Venezuela drew after floods in December claimed more than 30,000 lives, the administration of Hugo Chavez may soon begin running into unwelcome, but hardly unexpected, surprises on […]
Category: 2000
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Low-Cost Cash
Latin American companies are learning how to turn different kinds of assets into marketable securities without adding debt to the books.
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On a Capital Quest
The Mexican government and its banks want to build a stronger financial system. But signs are they better act quickly.
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Post Script
Fuel Swaps Chug Ahead Repsol-YPF, the Spanish-owned multinational oil company, plans to link up with Brazil’s national oil company Petrobras in an asset swap estimated at about $750 million. If […]
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Sovereign Report
January brought fresh signs of investor confidence in the largest Latin American debt issuers. Brazil was able to successfully issue a 20-year bond in the US market, the longest tenor […]
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The Brady Plan – The First 10 Years and Beyond
In March 1989, then US-Treasury Secretary Nicholas F. Brady articulated new principles for addressing the debt crisis that had plagued Latin America for most of the 1980s. First implemented in Mexico in March 1990, the Brady Plan effectively ended the debt crisis and initiated a new era of emerging markets finance. It should be seen as a step in a continuing process of debtor country development and integration into the global economy that may take decades to complete, writes Michael M. Chamberlin of the Emerging Markets Traders Association.