Brazilian Government Sells Its CVRD Stock The Brazilian government raised $1.6 billion from the March sale of 68.5 million shares of Cia Vale do Rio Doce (CVRD), the privatized mining […]
Category: 2002
Posted inMagazine
Fighting on All Fronts
As Secretary of Mexico?s Ministry of Comptrollership and Administrative Development, Francisco Barrio Terrazas is the country?s anti-corruption czar. His job, and that of his office, is to stamp out deep-rooted government corruption and promote financial transparency and accountability in all public institutions. Here Barrio describes Mexico?s multi-pronged attack on dishonesty and fraud in government, and acknowledges that a prolonged and relentless effort is necessary to alter the course of decades of corruption.
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From Local Manufacturer to Global Player
Lorenzo Zambrano has run Cemex for more than 15 years. During that time he has transformed his company and changed the way the cement industry does business by applying what were once highly unconventional methods. He has centralized management, increased the use of advanced technology and he has spread the concept of marketing what many think of as a dull commodity. How and why did Zambrano decide to embark on such an adventurous, but risky mission? Where is he taking the company now and what are his views on Mexico?s future? Relaxing in his comfortable but somewhat Spartan offices, Zambrano met recently with LatinFinance?s editor, John Barham, for an interview.
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Investment Management Review
Against the odds, the best Latin American funds posted respectable returns last year. And despite Argentina?s troubles, economic fundamentals in the region?s main markets look strong and stocks and bonds stand to benefit.
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Life is not a beach
The major Caribbean countries this year face rising debt loads, election uncertainty and economic challenges.
To keep investors satisfied, they must maintain fiscal discipline and diversify their markets.
Posted inMagazine
Making A Jamaican Statement
Canadian mutual fund magnate Michael Lee-Chin recently expanded his empire with the purchase of Jamaica?s largest bank. He plans to use National Commerical Bank?s 50 branches to distribute every conceivable financial product.
Posted inMagazine
MarketWatch
Irrational Policies, High Interest Rates Interest rates in many Latin American countries are very high, both in nominal and real terms. Rates in Argentina, of course, as it struggles to […]
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No Bells and Whistles Needed
Riding on the tails of Mexico?s freshly upgraded credit rating, Grupo Televisa, the Spanish-language television broadcaster, was able to raise $300 million with 30-year plain vanilla bond in the international market.
Posted inMagazine
All Economics, All the Time
Armínio Fraga was born in Rio de Janeiro in July 1957. He earned a bachelor’s and then a master’s degree in economics at the Catholic University of Rio de Janeiro […]
Posted inMagazine
Local Assistance Needed
Local debt capital markets are the great hope for Latin America’s companies. The cost of financing in the international debt markets is too high for most companies and the equity […]