| Desmond Lachman for the AEI
An Article by Desmond Lachman for the American Enterprise Institute.
Ambition and reforms, Peru has aplenty. But despite getting many things right, it is not being rewarded with strong growth. In the year before the next presidential election frenzy, can Peru get moving again?
The government of the Bahamas is expecting economic growth to double to 2.5%-3.0% this year from 2014 as the US recovers but recent rating agency downgrades have cast a shadow on the sunny outlook.
Brazil’s IPO cupboard is empty thanks the worsening Petrobras scandal. Only when the Lava-Jato inquiry is complete and debt markets can reopen will equity deals flow again in Brazil.
Mexico has taken the lead when it comes to attracting new investors to domestic bond markets. But with rising rate expectations set to make dollar markets less attractive, there are several positive signs in the region's other local bond markets
There is still pessimism in the business community but I feel the central bank and finance ministry are trying to get closer to the private sector in order to lift confidence
Paulina Yazigi Salamanca, Credicorp
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