Oil prices are booming, inflation is down and the country is growing. So why is President Lucio Gutiérrez so unpopular and his reform program stalled?
Category: 2004
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Capitalizing on Mexico
The Finance Ministry is retiring foreign debt to develop the domestic capital markets and reduce its external vulnerability.
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On Guard for Labor
Mario Gabriel Budebo’s job at the head of Mexico’s pension fund regulatory agency has him advocating for a single, but powerful, constituency: organized labor.
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Cashing Out
PDVSA Finance paid investors a rich premium to buy back
$2.51 billion in asset-backed bonds in an aggressive form of liability management.
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Chavez Triumphs Again
Hugo Chávez, Venezuela’s impressively durable president, won his third election victory in August. International observers agree he won fair and square. Clearly, Chávez – who has also survived a coup attempt […]
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Preparing for Uncertainty
It is only a year since Uruguay ?reprofiled? its bonded debt, but in July it returned to the international market with an innovative peso-denominated global bond.
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Consar Lifts the Lid
The government is gradually relaxing its strict controls on Mexico’s Afores. This promises to unleash a radical shake up in a fast-growing industry.
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Raising the Roof
The government expects the capital markets to finance millions of new homes. And that means big opportunities in mortgage-backed securities.
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Davids and Goliaths
The Caribbean is becoming a battleground where small, but nimble local banks face off against powerful international competitors.