LATAM PULSE
This week, in Argentina, time to avoid a ninth sovereign default is running out. Partial economic re-opening plans should become clearer in Mexico, while further monetary stimulus is also in the offing. In Brazil, there will be further wrangling over payroll cuts for public emplo… Become a member to read the rest of this article Username or […]
LATAM PULSE
This week, Argentina’s debt exchange offer formally closes with acceptance rates currently projected to be low. Brazil should see a “war budget” passed while noise surrounding President Jair Bolsonaro continues. Meanwhile, recent data underlines the fragility of Mexico’s economy … Become a member to read the rest of this article
ARGENTINA: Kirchnerismo and Covid-19
President Alberto Fernandez’s approval ratings have jumped since a strict Covid-19 quarantine went into force on 20 March. Fernandez’s approval surge is significant because ever since he was tapped by Cristina Fernandez de Kirchner (CFK) to be presidential candidate last year, he… Become a member to read the rest of this article
LATAM: Dilemmas and challenges in loosening lockdowns
Many countries in Latin America opted for stringent lockdowns at a far earlier stage in the spread of Covid-19 than elsewhere in the world. This reflected the much greater risk of medical system overload in the region, as well as the fact that Covid-19 spread to Latin America com… Become a member to read […]
LATAM PULSE
From this week, Mexico’s state oil company Pemex is a “fallen angel” following the latest downgrade to its credit ratings. Also this week, Argentina’s creditors will be wanting to see flexibility ahead of debt talks, while domestically, the government weighs up how to relax lockd… Become a member to read the rest of this article
ARGENTINA: Facing the default cliff again
Finance Minister Martin Guzman yesterday, 16 April, unveiled the broad parameters of Argentina’s debt restructuring offer. The offer involves a three-year debt moratorium alongside a 62% reduction in interest payments; these would only resume at 0.5% in 2023 before rising in subs… Become a member to read the rest of this article
LATAM PULSE
This week, in Brazil, a “War Budget” could be readied even as President Jair Bolsonaro’s contrarian approach to Covid-19 continues. In Argentina, a debt restructuring offer could finally be unveiled. in Mexico, the government will continue to celebrate what could end up being a p… Become a member to read the rest of this article
ARGENTINA: Buying time on foreign law debt as economic storm clouds darken
The government last night, 6 April, confirmed that it would postpone payments on around USD 8.4bn in USD-denominated debt issued under local law. The move is designed to gain space to keep on making foreign currency payments issued under non-Argentine law and avoid a wider defaul… Become a member to read the rest of […]
LATAM PULSE
This week, existing quarantines in Argentina, Chile, and Colombia will remain in place heading into the Easter weekend – what happens from next week will be critical to watch as some governments weigh up the risk of social strife and the economic effects of a “lockdown shock” sho… Become a member to read the rest of this article
LATAM PULSE
This week, Brazil’s Congress should advance economic support measures even as President Jair Bolsonaro remains in denial about the seriousness of Covid-19. In Argentina, the government has – as expected – extended its quarantine measures amid concerns over how to sustain a lockdo… Become a member to read the rest of this article