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Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

Cash management poll 2008:

Cash management poll 2008:

Results now live

July 2008

Latin American regional Awards for Excellence





Global Awards for excellence
Bahamas Barbados Bermuda
Dominican Republic Jamaica Trindad & Tobago
Costa Rica El Salavador Guatemala
Honduras Nicaragua Panama
Argentina Bolivia Brazil
Chile Colombia Ecuador
Mexico Paraguay Peru
Uruguay Venezuela

While its big cousin in the north is experiencing a spot of financial bother, Latin America goes from strength to strength. When historians come to judge the past 12 months, they might well come to regard it as a watershed period for the region.

The US economy is in recession. Its banking industry is in distress. What’s more, there is little sign of the downturn coming to an end.

Usually, this would presage some kind of disaster in Latin America. Not this time. The region is not just weathering the storm – many countries are thriving. Peru and Brazil recently joined Chile and Mexico as investment-grade-rated countries. Colombia is not too far behind them. These five countries...


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