The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Latin America market round up: Slim says LatAm governments need more investment

One man not joining the cult of Chávez is Latin America’s richest man, Carlos Slim.

Speaking at a conference on March 22, Slim said that the chances of other countries in the region following an extensive pattern of nationalization as Venezuela has done were low. "It would be a step back," said Slim, arguing that Latin American governments are afraid of scaring off private investment. He named Brazil’s Lula and Peru’s Alan García as model leftist heads of state with a good understanding of the financial markets.


Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree