As the great and the good of Latin America’s financial community gather this month in Cancún for this year’s Inter-American Development Bank meeting, they could be forgiven for engaging in a bit of mutual back-slapping.
Along with Asia, Latin America is the region that has emerged in the best shape from the financial crisis, with Brazil the star performer.
The region’s development is reflected in the fierce battle among investment banks to win business there not just in the public markets but also in other areas, such as credit, commodities, infrastructure finance and foreign exchange.
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