Latin America & Caribbean

Latin America & Caribbean

Argentina flag with dollar bills

Argentina slaps controls on forex in bid to salvage peso

ARGENTINA has imposed capital controls to halt a slump in foreign currency reserves and save the peso. The central bank has set a five-day limit...
Fake supercar factory

Switcheroo ‘supercars’ draw heat in Brazilian swoop on chop-shop

By Hal Williams YOU only get one chance to make a first impression, they say, and nothing makes a statement like pulling up to your...
ActiveRE world map

Go-ahead team and pioneer spirit combine in company’s on-going bid to minimise risk

THE ALTERNATIVE risk transfer market was relatively unknown when Juan Antonio Nino, CEO and founder of Active RE, began to advocate for its adoption...
UNCTAD logo

Dependence on commodities leaves countries ‘vulnerable to shocks’ and ‘weakened’

THE NUMBER of countries dependent on commodities has reached its highest level in 20 years, according to a recent UNCTAD report. UNCTAD (United Nations Conference...
Vitória, Espírito Santo, Brazil

Brazilian meeting shines light on potential of fintech future

JOSÉ Lino Sepulcri, president of the Espírito Santo Trade Federation, and Gutman Uchôa de Mendonça, the regional director of the association of Brazilian banks...
World Bank Logo

World Bank moves to ensure regulation and management of Guyana’s oil, gas reserves

THE WORLD Bank has approved a $20m credit from the International Development Association (IDA) for Guyana’s oil and gas sector. The bank says the money...
Venezuela Flag

Venezuela’s cash crisis, coupled with blackouts, leaves country’s population in the direst of straits

VENEZUELA has the world’s largest oil reserves — and no money. Rampant inflation and depleted reserves of almost worthless bolivar banknotes have created a nightmare...
René Emilio Jaime Farach, CEO Banco Ripley

Achieving a shared vision with a well-disciplined team

Q&A with Banco Ripley CEO René Emilio Jaime Farach BV: How do you evaluate Banco Ripley's performance in banking? René Jaime: Our bank is growing step-by-step...
Banco Ripley adviser

New tech combines with old-school values in success story

PERU's Banco Ripley has been spotting new developments in the digital world to boost the group's strategy of introducing technological improvements in financial operations...
Argentina flag with dollar bills

Monster IMF loan brings hope to ailing Argentina

THE biggest loan ever from the International Monetary Fund (IMF) – $57.1bn – will be made to Argentina over a three-year period in a...