In the face of the a global economic downturn, Latin American leaders must build on successes of recent years by maintining open markets and avoiding anti-investor rhetoric, writes COA Vice President Eric Farnsworth. "To use the language of the stock market, they do not want to take policy steps that will lock in their losses," he writes.
Writing in the Financial Times, President and CEO of Citibank and AS/COA Board Chair William R. Rhodes warns that "we are seeing the full force of the storms of this interconnected financial system." He urges the International Monetary Fund to play a leadership role to shelter emerging markets.
In the aftermarth of a corruption scandal, President Alan García reshuffled his cabinet. Both corruption and protecting the economy stand at the top of the presidential agenda.
The global head of emerging markets and credit research at JPMorgan Chase & Co. analyzes the financial turmoil’s effects on Latin America in an exclusive AS/COA interview.
In the wake of a corruption scandal, Peru’s President Alan García moved quickly to choose a new prime minister who could help him build consensus and boost his approval ratings, which remain low in spite of the country’s economic expansion in recent years.
Amid concerns over global financial turbulence, Canadians cast their votes. Prime Minister Stephen Harper gained reelection and a stronger mandate, but economic worries made a dent in his party's gains as Conservatives once again won a minority government.
Wall Street's September 29 tumble sent shockwaves through Latin American markets, which saw recovery on Tuesday. Officials in several countries, particularly Brazil, maintain that their economies stand better prepared for crisis than in the past as a result of lower public debt and diversification of export markets.