Puerto Rico’s Public Finance Corporation (PFC) missed most of a US $58 million bond payment due August 1st, the first default by the commonwealth in what may become one of the largest restructurings ever in the municipal market. Puerto Rico has about $5 billion in...

By: Raymond A. Perez Latin America and the Caribbean’s regional economy grew an estimated 1.1% in 2014, its slowest rate of expansion since 2009 and down from 2013’s 2.7% growth, according to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC). GDP is...

By: Eugene Rostov The international media provides new information almost daily about the details of the Pétrobras scandals known in Brazil as the Petrolão, which have caused not only a dramatic fall in the stock market price of the company, but also the downgrading of its...

By: Roberto Erana The decline in the price of oil, over 55% during the last six months to below US $50 per barrel, brings important economic and political implications to Latin America. Most negatively affected are oil producers such as Venezuela, Colombia and Ecuador, which rely...

By: Robert Wagstaff Mexico’s automotive industry continued a pattern of steady growth into 2014, surpassing Brazil as Latin America’s top automobile producer for the first time in over a decade. During the first nine months of the year, Mexico produced 2.4 million vehicles, a 7.5% increase...

By: Raymond A. Perez Over the past 20 years, governments in Latin America and the Caribbean have introduced policies to encourage competition and investment in the telecommunications industry both within their respective nations, and abroad. These changes have well positioned the region to lead the global...

By: Roberto Erana & Alexander P. Trueba Mexican President Enrique Peña Nieto and his administration are making major efforts to improve infrastructure within Mexico. Despite being Latin America’s second largest economy, Mexico ranked 66th out of 148 countries in infrastructure quality according to the WEF’s “Global...

By: Robert Wagstaff & Alexander P. Trueba Infrastructure investment in Latin America is on the rise as the region focuses on laying a solid foundation for future economic growth. Countries and private entities are making long-term infrastructure development a priority. In particular, Colombia, Brazil and Mexico...

By: Roberto Eraña & Alexander P. Trueba Latin America and the Caribbean’s regional economy grew an estimated 2.6% in 2013, down from 3.1% percent growth in 2012, according to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).  GDP is projected to grow...