| Emerging Markets Reporters
Mexico Trade Surplus
Mexico's exports surged up 36% in January from a year earlier, driven by petroleum products. The rise outpaced a 23% annual jump in imports leaving the trade surplus at $398 million.
- Information provided by Euromoney group sources.
Rising US interest rates should in theory lead investors to withdraw money from emerging economies so those in Latin America suffering weak growth. But leading debt bankers feel that the party has some time to go.
Mexico is reaping the rewards of recent economic reforms, an upbeat Luis Vidagaray tells Emerging Markets, as he indicates that the economy can hit a 5% growth target.
Next year’s IMF and World Bank meetings will be in the Peruvian capital Lima. Lucien Chauvin looks at how the country has succeeded in posting the fastest growth on the South American continent.
Still smarting from defeat in the US Supreme Court over the bond holdouts, Argentina’s economy minister Axel Kicillof insists the recession-hit country is in the right and is turning down offers of money
Seen and heard in the corridors of the Annual Meetings
It is 13 years since the IMF called for an international agreement on how to wind up defaulted sovereign debt. Still there is no mechanism, and regrettably the vulture funds pursuing Argentina still seem to hold sway in the US. It's time for change
Something needs to be done to improve lending in the country. That’s what competition should do… We’re so far from where we should be in terms of credit-to-GDP
Jesse Ang, International Finance Corp
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