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Life beyond General Pinochet

November 4, 2004

Chilean President Ricardo Lagos talks to Karina Robinson about reform and the challenges ahead of next year’s election.

Opposition stalls Costa Rica’s economic reforms

November 4, 2004

Can Costa Rica – traditionally stable compared with its central American neighbours – preserve its tradition of consensus building and move ahead with liberal economic reforms? Jane Monahan reports.
The question mark over Costa Rica’s economic future came into sharp focus when the finance minister, Alberto Dent, resigned on September 3, at a time of mounting opposition to his package of economic reforms.

Texas arrangers

November 4, 2004

Welcome to Texas, where global banking heavyweights are racing to cater to the banking needs of the fast-growing Hispanic population. Monica Campbell reports.
In Texas, as in other Hispanic US states, such as California, Florida and New York, both foreign and US banks are rushing to cater to a Hispanic market that they merely dabbled in not so long ago.
It is easy to see why Hispanics are finally getting attention. The Hispanic population is the fastest-growing minority group in the US, and it is predicted to grow from 14% of the country’s population – 40 million people – to 24% by 2050, according to the US government.

Danger signs on US deficits

November 4, 2004

There is growing anxiety over the vast US budget deficit. The next US administration needs to remedy the situation – fast.

Inflationary years leave financial players fitter

October 4, 2004

Paulo Miron, Sergio Rogante and Graham Nye of PricewaterhouseCoopers review the effects of inflation on Brazil’s banking sector.

Report condemns Mexican banks

October 4, 2004

Foreign banks are under attack in Mexico for charging high fees although the criticisms have been rejected by the Mexican Association of Banks. In September, Oscar Levin, head of the Mexican government’s banking consumer protection agency, sided with those taking a bleak view of Mexico’s banking system by delivering a report that slammed the institutions for charging high financial service fees.

I don't want you<br>America goes it alone whoever wins

October 4, 2004

Karina Robinson argues that, in practical terms, the policies of the Democrats differ little from those of the Republicans. At the end of the day, the US pursues the same strategic objectives regardless of who is in the Oval Office and, moreover, is prepared to go it alone.

Latin America pins debt hopes on US liquidity

October 4, 2004

The effects of an increase in US interest rates on the Latin American economy may be neutralised if the US can also deliver strong economic growth, writes Monica Campbell.

El Salvador

September 2, 2004

Banco Cuscatlan

Bondholders fight back

August 2, 2004

Two and a half years after Argentina’s debt default, creditors are up in arms over the country’s offer to pay back only a quarter of the Ł82bn it owes. But the government has so far refused to budge. Sophie Roell reports.
It’s not a promising sign in any negotiations when one party is not willing to talk to the other and both sides seem as unreasonable as each other. Furious with the paltry amount the Argentine government is offering for the $82bn in debt it defaulted on in December 2001, the Global Committee of Argentina Bondholders (GCAB), grouping together holders of about $37bn in debt, is fighting back with its own idea of a fair settlement.