Uruguay has a dollar dilemma

Uruguay has a dollar dilemma

The country’s bankers are frustrated: the system is sound, their banks are generally well run, and yet they are among the worst performers in Latin America. Something has to give. Some hope it will be the country’s attachment to the dollar.

Are Bolivia's banks about to run out of energy?

Are Bolivia's banks about to run out of energy?

Bankers say the battle to hit mandated lending targets has created a scramble for borrowers in Bolivia. That’s not the only concern they have about the activist attitude of the country’s government, though one important area – microfinance – is thriving.

Paraguay plays safe

Paraguay plays safe

The country’s biggest banks have kept profits up by keeping banking simple and benefiting from enviable net interest margins. But are they too conservative for their own – and the economy’s – good?

How the markets now run Brazil

How the markets now run Brazil

Bankers and investors are increasingly confident that the country’s next president will adopt a programme of fiscal reforms, even though no leading candidates are standing on that platform. Why? Because over the past decade, Brazil has become a ‘marketocracy’.

LatAm hypothesis faces moment of truth

LatAm hypothesis faces moment of truth

As US rate rises become a reality, Latin American markets face another home truth: have they actually become a standalone asset class, or is a sell-off inevitable?

Equities begin to play catch-up

Equities begin to play catch-up

Latin American equities have become unfashionable as EM investors focus on thriving tech companies elsewhere. And while the region has some unappreciated structural strengths, if the few tech companies that do emerge head to New York, it could compound the problem.

Argentina leaves markets worried about ability to grow

Argentina leaves markets worried about ability to grow

The country’s gradualist approach to adjusting its fiscal deficit was always balanced on a knife-edge. The markets were willing to finance the experiment because of their faith in the economic team. But a recent unforced error has made the path to success even more precarious.

Gimenez's generation finds a new fiscal religion

Gimenez's generation finds a new fiscal religion

Paraguay’s bright young things are trying to transform the country’s economy. A dogged commitment to macroeconomic stability means that a commodity slump and recessions in its two big neighbours have not derailed growth.