In the past decade, the Bolivian banking system has faced economic crises brought on by social unrest but has withstood them. Jason Mitchell reports from La Paz.
Americas
Latest articles from Americas
Bermuda opens up to foreigners
June 2, 2004
Bermuda is relaxing its rules on foreign ownership of banks, witnessed by HSBC’s recent acquisition of Bank of Bermuda. Mairi Mallon reports on changing times.
Walking into one of the two main banks in Bermuda is like going back in time to England in the 1970s. The doorman knows many customers by name and long queues form every Friday as customers deposit their weekly pay cheques.
Can-do attitude
June 2, 2004Luiz Fernando Furlan, Brazil’s minister of state for development, industry and foreign trade, tells Brian Caplen that his country’s approach to trade is positive.
Chase is on for the whole enchilada
June 2, 2004Mexico’s prospects look bright but, as Monica Campbell reports, politicians are resentful that the dominant – and prosperous – foreign banks are not doing enough to help the local population.
Does Iraq herald America’s last stand?
June 2, 2004While the US gets further embroiled in Iraq, economies such as China and Brazil are starting to assert themselves.
America for sale
June 2, 2004European banks are rushing to buy American banks, but will they make money? Or will it all end in tears, as it did the last time they tried in the 1980s.
Investors search for stability overseas
May 3, 2004Local asset managers in Argentina may be suffering but foreign firms are benefiting. Jason Mitchell reports from Buenos Aires.
Exports key for lifting economy
May 3, 2004
Bolivia is anxious to capitalise on its resources but political unrest is making this difficult.
Bolivia’s new finance minister, Javier Cuevas, faces a tough task. He has to steer the poor, landlocked country’s economy amid an intense period of political uncertainty.
Mexico looks for more global trade
May 3, 2004
Mexico’s economy has turned a corner, says finance minister Francisco Gil Díaz. However, much still depends on its giant neighbour, the US.
After several years of economic stagnation, Mexico appears to be turning a corner. The manufacturing industry, led by the maquiladora (in-bond assembly for export) sector, is hiring again. Exports earnings, including those generated by the crucial oil sector, are also up – no small thing, considering exports make up about 25% of Mexico’s economic activity. Interest rates are also trending down and inflation is under control.
Catching the eye of the investor
May 3, 2004Nicaragua’s central bank president, Mario Alonso, says that the HIPC debt relief will enable his country to tackle poverty and push for economic and judicial reform.