Latin America – The Corner

“Mercosur is perhaps an idea that people have fallen in love with and are keeping because everyone is too embarrassed to liquidate it”

Fernando Gonzalez Urbaneja — Thu, 11 Jul 2024 08:50:38 +0000

Fernando Gónzález Urbaneja interviews José Juan Ruiz, president of the Real Instituto Elcano and director of Redeia, in Consejeros, who states that “The intellectual prestige of pessimism is one of the characteristic features of Western civilisation. But, to give an example: in terms of CO2 emissions, everything may be in chaos, people’s perception may be that we have done nothing, but the European reduction in emissions is 32% compared to...

Iberia (IAG) will focus on Latin America in 2023, after strengthening its position in 2022 in the US

The Corner — Sat, 24 Dec 2022 11:09:00 +0000

The Corner

Link Securities | Ibera, integrated in the holding IAG, will focus on growth in Latin America in 2023, after strengthening its position this year in the US, and as it waits for the opening up of the Asian market, according to the daily Expansión. Latin America is the strategic market for the airline, where it is the leader in the corridor with Europe, with a market share of 19% in...

Latin America Has The Cleanest Electricity Mix In The World

The Corner — Thu, 12 May 2022 17:11:57 +0000

The Corner

Crédito y Caución (Atradius) | Latin America is a frontrunner in the energy transition. It has the cleanest electricity mix in the world. But it is mainly focusing on hydropower, which is susceptible to altering rain cycles. The region has huge potential in other sources of green energy, such as sun, wind and geothermal generation. To remain a leader in clean electricity and achieve net zero emissions in 2050 it...

Latin America: Heavy Dependence On Informal Labour And Tourism Exacerbates The Covid-19 Shock

The Corner — Tue, 19 Jan 2021 19:11:55 +0000

The Corner

Crédito y Caución (Atradius) | Of all emerging market regions, Latin America and the Caribbean (Latam) has been most affected by the Covid-19 pandemic, both in terms of infection and death rates, and regarding the impact on its economy. The outlook is highly uncertain and weighted down by growing fears of a new wave of infections. Rising prospects of multiple Covid-19 vaccines are definitively hopeful. However, the vaccine rollout is expected to move more slowly in the Latam region compared to advanced markets due to smaller vaccine orders so far relative to population and more logistical challenges. Therefore the economic benefits from the vaccine are expected to manifest first through the improving external environment as rollout across advanced markets boosts trade, commodity prices and external financing flows.

COVID-19: Another lost decade for Latin America?

The Corner — Wed, 01 Jul 2020 06:00:00 +0000

The Corner

Elisa Aracil via The Conversation | The International Monetary Fund estimates that Latin America will experience an economic contraction this year equivalent to what happened after the crash of '29. Specifically, a devastating 5.2% drop in GDP is expected in 2020, compared to an expected growth of 1.8 % in the pre-COVID-19 forecasts.

After selling Nicaragua (390 M€, NFD -1%) Telefonica leaves Central America

The Corner — Tue, 21 May 2019 15:00:30 +0000

The Corner

Banc Sabadell | Telefonica (TEF) confirmed last week the sale of its subsidiary in Nicaragua for 390 M€ and so completes the sale of all its activities in Central America for a total of 2.052 M$/reduction of debt by 1.4 M€ (7.4x OIBDA 2018 vs our valuation of 6/7x for all the subsidiaries). The Spanish telco will reduce its net financial debt by 1% with this operation.