Monthly Archives: October 2015

Brazil’s Central Bank admits it thought “good times would last forever”.

Commodity exports overvalued the real, sending manufacturing “down the drain” The Brazilian Central Bank has admitted Brazil was taken by surprise by lower commodity prices and had failed to prepare for the end of the commodity cycle. “A few months … Continue reading

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Interview with: Mauricio Cárdenas, Finance Minister of Colombia

On meeting Mauricio Cárdenas one isn’t immediately reminded of Margaret Thatcher. Or Mikhael Gorbachev. But Cárdenas acknowledges that he has something in common with these politicians (and other notable examples): a big gap between domestic and international perception and appreciation. … Continue reading

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Argentina: to the winner the spoilt economy

This year’s presidential election in Argentina is likely to be the first to be decided in a second and final round of voting since the constitution was changed in the 1990s. The outcome for the country – and its economy … Continue reading

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Debt capital markets: Colombian bond reflects LatAm’s new reality

Colombia’s $1.5 billion 10-year benchmark bond, issued in mid-September, paid investors a big new issue premium and illustrates the new pricing dynamics for Latin American credits. The sovereign, rated Baa2/BBB/BBB, sold the paper, which pays a 4.5% coupon, at 98.762 … Continue reading

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