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
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
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
ECUADOR: Guayaquil outbreak to create new debt pressures and political risks
The government is struggling to contain the Covid-19 outbreak in the local epicenter of Guayas province, whose capital – Guayaquil – is the country’s economic hub. As of this morning (local time) on 1 April, there were 2,748 confirmed Covid-19 cases across the country, and 93 dea… Become a member to read the rest […]
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
ECUADOR: Government acts to ward off default siren calls
The government has fended off pressure to declare a debt moratorium and is instead set to secure additional external funding that will help in the struggle to contain the COVID-19 outbreak and keep the acutely fragile economy afloat. However, pressure to suspend debt payments hig… Become a member to read the rest of this […]
LATAM: The unstable compound of protests and COVID-19
Anti-government protests that broke out in 2019 in several countries were set to regain momentum after a recent lull. There have already been clashes between police and protestors in Chile this week. However, the gathering spread of COVID-19 has caused some governments to put in … Become a member to read the rest of […]
ECUADOR: Government walks tightrope
President Lenin Moreno last night, 10 March, announced an emergency package of measures designed to boost government revenues by USD 2.25bn. Moreno cited the impact of the global COVID-19 outbreak together with the oil price drop as reasons for the package. Ecuador’s country risk… Become a member to read the rest of this article
LATAM PULSE
This week, COVID-19-related market volatility comes at the worst possible moment for Argentina, which is on the brink of a crucial phase of its debt restructuring. Separately, protests against gender violence will mark the beginning of the week, with political effects most stro… Become a member to read the rest of this article