Upcoming Event! Economics and Transparency: Meeting the Challenge in the Americas

May 21, 2015

justice - gavel and bookWHEN: Tuesday, June 9, 1:30-5:00pm

WHERE: 6th Floor Auditorium, Woodrow Wilson International Center for Scholars

RSVP HERE.

Throughout much of Latin America, the “golden years” of economic growth during the last decade’s commodity boom have given way to economic decline or stagnation. At the same time, a mobilized citizenry is demanding better government performance. These two factors have focused unprecedented attention on rule of law deficits and official corruption. Meanwhile, relations among countries of the hemisphere have grown more complex. As much as the region has welcomed the normalization of U.S.-Cuban relations, the options for international insertion now extend far beyond the Western Hemisphere.

1:30-1:45pm: Keynote Remarks
The Honorable Juan Gabriel Valdés, Ambassador of Chile to the United States

1:45-3:15pm: Combatting Corruption and Building the Rule of Law
Alejandro Ponce, World Justice Project

Carlos Fernando Chamorro, Confidencial, Nicaragua

Eduardo Bohórquez, Transparencia Mexicana

Paulo Sotero, Director, Brazil Institute, Wilson Center

Moderator:
Daniel Zovatto, IDEA Internacional, Costa Rica

3:15-4:30pm: Hemispheric Relations in Leaner Times: What is the Path Forward?
Ambassador Gil Rishchynski, Ambassador of Canada to the United Nations

Roberto Russell, Universidad Torcuato di Tella, Argentina

Richard Feinberg, University of California, San Diego

Maria Hermínia Tavares de Almeida, Centro Brasileiro de Analise e Planejamento, São Paulo

Moderator:
Cynthia Arnson, Director, Latin American Program, Wilson Center

4:30-5:00pm: Closing Keynote
The Honorable Roberta Jacobson, Assistant Secretary of State for Western Hemisphere Affairs

*There will be a live webcast of this event. 


AT&T Prowling for More Latin America Deals After DirecTV

October 8, 2014

10/08/14 Bloomberg

globe - south america - connections to worldEven after buying DirecTV and its 18 million subscribers in Latin America, AT&T Inc. (T) is on the lookout for more acquisitions in the region, which is growing 10 times faster than the U.S. The $48.5 billion takeover — inching closer to completion after DirecTV shareholders voted in favor — will give AT&T satellite-TV subscribers across Latin America, particularly in Mexico and Brazil. The deal will mark AT&T’s first push outside the U.S. in more than a decade, expansion that is crucial to driving growth as the domestic wireless industry becomes more saturated, according to Fitch Ratings.

Read More…


Mexico joins Latin American stock market (Mila)

August 20, 2014

08/19/14 BNAmericas

latin_americaLatin 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.

Read more…


Kerry off to Mexico for Talks on Venezuelan Crisis

May 21, 2014

mexico-usa-flag-montageABC 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.

Read more……


Mexico’s reversal of fortune

January 17, 2014

Ancient Mayan pyramid, KukulcanReuters, 01/17/2014

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.

Read more…


Advisers Take Long-Term View on Latin America

November 21, 2013

Latin_America2The 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.

Read more…


Latin Migrants Shift Sights From U.S. to Neighbors

November 20, 2013

latin_americaThe 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.

Read more… 


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