Euromoney’s recent coverage of trends in the region, including BlackRock – the world’s largest investor – on Brazil, confusion over BNDES’ strategy, Venezuela’s resource curse and Andean banks’ regional bid, while Mexico’s GDP, capital markets and energy reforms enthuse bankers and analysts alike.
It was second time lucky for the first Brazilian toll-road financing to come to the market without the support of BNDES. The initial attempt ended in confusion. A year later, the revived deal under new leadership faced severe headwinds.
The countrys new leadership has yet to find solutions to serious economic issues. Plagued by high inflation and dollar shortages, the nation is not making the most of its oil, much of which is unprofitably in hock to regional diplomacy.