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
Capitalizing on Mexico
The Finance Ministry is retiring foreign debt to develop the domestic capital markets and reduce its external vulnerability.
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.
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.
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 […]
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.
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.
Raising the Roof
The government expects the capital markets to finance millions of new homes. And that means big opportunities in mortgage-backed securities.
Davids and Goliaths
The Caribbean is becoming a battleground where small, but nimble local banks face off against powerful international competitors.
