Latest articles from Americas

A new reform agenda for Latin America

April 4, 2005

Enrique García, president and CEO of Corporación Andina de Fomento, sees social consensus as key to breathing new life into LatAm reform programmes.

Independence debate heats up

March 7, 2005

Bermuda is discussing whether to sever ties with the UK, with opinion sharply polarised. Mairi Mallon assesses the implications for the financial sector.

Brazil reaches out to unbanked population

March 7, 2005

Central Bank initiatives are enabling Brazil’s low-earning citizens to access banking services. Jonathan Wheatley reports from São Paulo on the benefits for both local communities and the financial institutions that cater for them.
Standing in line at a kiosk in Vila Nivi on the northern outskirts of São Paulo, Sandra, a 38-year-old mother of four, is upset. “I’ve been waiting 40 days for my bank card,” she says. “I’ve come here every day to complain.”

Latin money heads home

March 7, 2005

Although the offshore market is important to Latin Americans, some are now being tempted to bring their wealth onshore. Monica Campbell reports.
Thanks to a strong, more stable local banking sector, the trend among affluent Latin Americans to have their assets managed offshore is slowly reversing. Sensing an opportunity, many foreign powerhouses, such as US banks Citigroup and JP Morgan, Swiss bank UBS and the UK’s HSBC, are setting up private banking shops in the region, hoping to convince the wealthy to do their financial shopping locally, instead of heading to Miami.

US budget proposals get a lukewarm reception

March 7, 2005

Reaction to President George W Bush’s latest budget proposals – which were presented to Congress on February 7 – has been mixed, writes Jane Monahan in Washington.

Low real interest rates are unsustainable

March 7, 2005

Stephen Roach worries about how the US economy can exit low real interest rates sensitively.

Panama proves its strength

March 7, 2005

This year’s Central American ranking is dominated by Panama’s banks as the country benefits from stability.

Bid for investment grade

February 2, 2005

There are encouraging signs that the turnaround in the Brazilian economy is based on more sturdy underlyings than past upturns, but will it fuel enough growth to achieve an investment grade sovereign rating? Brian Caplen reports.

Laércio Albino Cezar

February 2, 2005

vice-president of technology, Bradesco
In a country whose banking system has become among the most automated in the world, Laércio Albino Cezar – vice-president of technology for Bradesco, Brazil’s number one private bank – has become for many the face of that innovation.

US lines up prospective candidates for next president of World Bank

February 2, 2005

President George W Bush is expected to focus on economic policies during his second term – inaugurated on January 20 – compared with his first administration, in order to achieve his government’s ambitious Social Security and US tax reform plans. To this end, Mr Bush also needs to fill several top-level, economic policymaking positions.