After decades of chronic difficulties in the power sector, the government now has a blueprint for improvements, but it is already mired in controversy.
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From rags to riches
April 3, 2006Microfinance lenders such as Banco Adopem, which specialises in offering financial services to women, are enjoying a post-crisis boom, forcing mainstream banks to sit up and take notice.
Appetite for debt grows
April 3, 2006Appetite for Dominican Republic paper is growing on the back of the debt restructuring that pulled it out of financial crisis and the successful corporate debt issue from power company AES Dominicana. Tom Blass reports.
Missed chances
April 3, 2006A huge amount of hard currency flows in from abroad in the shape of remittances, yet banks have steered clear of it, missing out on a golden opportunity.
Survivors back on course
April 3, 2006Although there is still fallout from the Dominican Republic’s banking crisis, the sector is ready to move on as opportunities emerge through consolidation, regulation, openings for foreign players and new product offerings.
Confidence booster
April 3, 2006Héctor Valdez Albizu’s tough reputation in his role as Central Bank governor instils confidence in the market. He tells Tom Blass what plans are afoot to move the economy forward and strengthen the banks.
Centre of excellence
April 3, 2006The Dominican Republic’s offshore banking centre, the International Financial Center of the Americas, is due to open in 2009 and the man who planned the project believes it will redefine perceptions of the country.
Dominicans move on
April 3, 2006Putting its worst banking crisis behind it, the Dominican Republic is concentrating on strengthening its currency, reaching new agreements with the IMF and successful debt exchange. Tom Blass reports.
HSBC’s stealthy and steady expansion
April 3, 2006The UK bank’s strategy in Latin America is paying off. Jules Stewart reports.
Vittorio Corbo: A Firmly Grounded Academic
March 6, 2006In mid-2003, Vittorio Corbo became Chile’s central bank governor in the wake of a financial scandal.