August 20, 2014
Latin American regulators and the Inter-American Development Bank (IDB) have announced the addition of Mexico to the integrated Latin American stock market (Mila).
Following two days of meetings in Mexico and several months of discussions, supervisors from Chile, Colombia, Peru and Mexico signed a cooperation agreement aimed at joining the Mexican stock market to Mila.
May 21, 2014
ABC News, 05/21/14
The State Department said Wednesday the U.S. may have to take a larger role in trying to ease the crisis in Venezuela if a South American effort to broker talks between the government in Caracas and the opposition remains stalled. U.S. Secretary of State John Kerry was headed to Mexico to discuss potential next steps with officials there.
January 17, 2014
In Latin America, this looks to be the year of Brazil — thanks to the impending World Cup and presidential elections. But with another lackluster year looming in emerging markets, fans of transformation, growth and investment potential should instead look to Mexico.
Brazil’s president, Dilma Rousseff, is expected to win a second term this year, and its soccer team stands a good shot at victory. But growth has slowed considerably. In the world’s seventh largest economy, reforms are stagnating and the country faces a possible ratings downgrade.
Mexico, by contrast, is in the throes of serious reforms. It will likely lead Latin America with at least 4 percent growth this year and an improving investment outlook. Standard & Poor’s recently boosted Mexico’s credit ratings because of energy reforms that the rating company trumpeted last month as a “watershed moment” for the country. It is becoming a story of inverted fortunes, as Michael Shifter and Cameron Combs of the Inter-American Dialogue recently wrote.
November 21, 2013
The Wall Street Journal, 11/21/2013
Even though Latin America has been a laggard among developing markets this year, some advisers are convinced the resource-rich region is poised for a turnaround.
But instead of investing once again in Brazil–the 800-pound gorilla in the group–contrarian portfolio managers are finding smaller markets in Mexico and Chile as better bets to tap into Latin America’s long-term growth.
November 20, 2013
The Wall Street Journal, 11/19/2013
It sounds like the typical American dream for an immigrant: Each month, Marco Antonio Serna sends $500 to his parents, wife and 17-year-old daughter back in Colombia. Except Mr. Serna, 43 years old, didn’t migrate to the U.S. for work; he went to Chile, where he is employed at a small casino outside Santiago. “There’s a big community of Colombians here,” the former factory worker says.
In a noticeable and important shift in global migratory patterns, millions of migrant workers are no longer relying on the U.S. as heavily as they did for better-paying jobs that allowed them to send money home to families in Latin America, the Caribbean and Asia. Instead, they have moved more to developing economies, creating a shift in money transfers out of countries like Chile, Brazil and Malaysia.
November 18, 2013
Al Jazeera America, 11/16/2013
Remittances to Spanish-speaking Latin American countries have rebounded from their recent decline, a new study by the Pew Research Center shows, but the amount of money sent to Mexico has continued to fall, likely because the Mexican immigrant population in the U.S. has dropped dramatically since the 2007 recession.
The amount of money or other assets that migrant workers sent to Mexico, an estimated $22 billion in 2013, has fallen from a pre-recession peak of more than $30 billion.
November 18, 2013
The Christian Science Monitor, 11/17/2013
Here’s a dollar – if you change your behavior. That’s the revolutionary – and controversial – idea behind conditional cash transfer programs for the poor, which cover 129 million people across 18 Latin American countries, nearly a quarter of the entire region’s population.
The largest such program is Brazil’s Bolsa Família, which gives a small monthly stipend to 13.8 million families. Mothers must receive pre- and postnatal care, and children must receive basic vaccinations and stay in school until age 17. The Ministry of Social Development monitors feedback from doctors and schools, and the stipend is then deposited into the recipient’s bank account (preferably that of a woman).