BID Meets amid worries about regional economy

Discussion of the capacity for innovation in LatAm and the Caribbean began on Thursday in The Bahamas at the annual Inter-American Development Bank assembly

Japan to expand loans to Latin America

The Japanese government has decided to expand its loans to Latin America by boosting co-financing with the Inter-American Development Bank

Venezuela to Implement New Foreign Exchange System ... Again

Venezuela's government said that it would move to a floating exchange rate for non-essential imports and allow the state owned oil company PDVSA to sell dollars into the new market

Finally a deal between Argentina and bondholders

A deal with holdout bondholders is expensive, but worth it. Argentina’s payment of $4.65 billion will be 25% less than they were demanding. Even so, it is a big pay-off for investors who bought the debt at a fraction of its face value.

Citibank selling consumer banking in Latam

Citibank is planning to sell the consumer banking operations it has run for a century in Argentina, Brazil and Colombia as South America’s three biggest economies suffer a major downturn.

Deal between Argentina and Italian Creditors

Finance Minister Alfonso Prat-Gay said that the agreement reached with Italian bondholders includes the Argentine government’s acknowledgement of the debt “and reasonable interest”

Ecuador Gets a $1 Billion Credit Facility from China

Ecuador's Finance Ministry announced that the country has signed a $970 million credit facility with the Industrial and Commercial Bank of China (ICBC).

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…