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In 2023, Latin American and Caribbean International Bond Activity Rebounded from the 2022 Lows

25 March 2024 | News

Latin American and Caribbean (LAC) issuers placed US$ 89 billion of bonds in international markets in 2023. This total was 40% higher than in 2022 but 35% lower than the average issuance in the three-year period from 2019 to 2021. The average coupon rate was 1.65 percentage points higher than in 2022. This increase has translated into higher financing costs for corporates and for the governments of the region. Average coupon rates on the region’s dollar-denominated sovereign issuances have climbed steadily in recent years, from 3.6% in 2021 to 5.1% in 2022 and to 6.6% in 2023, illustrating how…

In 2022, Latin American and Caribbean Bond Issuers Placed their Lowest Annual Amount of International Debt since 2008

28 March 2023 | News

Against a backdrop of higher global interest rates and borrowing costs, total Latin American and Caribbean (LAC) international bond issuance in 2022 was US$ 64 billion, down 57% from 2021 and the lowest annual amount since 2008, according to ECLAC’s latest report on capital flows to the region. Capital Flows to Latin America and the Caribbean: 2022 year-in-review and 2023 early developments provides an overview of the region’s international bond issuances, spreads and credit ratings in 2022 and in the beginning of 2023. This report presents and analyses the main trends and developments concern…

Issuance of Sustainability-linked Bonds by Latin American Companies in International Markets Grows Exponentially in 2021

30 March 2022 | News

The use of environmental, social and governance (ESG) instruments by debt issuers from Latin America and the Caribbean (LAC) in international markets has grown very rapidly in the last two years. In particular, in 2021 there was an exponential growth in the international issuance of sustainability-linked bonds (SLB) by companies in the region, according to a new Economic Commission for Latin America and the Caribbean (ECLAC) report published by the Commission’s Office in Washington DC. LAC ESG International Bond Issuance by Type of Instruments (US$ Million) Source: authors’ elaboration…

ECLAC Calls for a Renewed Dialogue between the United States and Latin America and the Caribbean for a post COVID-19 Recovery with Equality and Sustainability

13 August 2020 | News

The United States and Latin America and the Caribbean need to establish a renewed dialogue to confront the challenges posed by the current crisis unleashed by the coronavirus disease (COVID-19) and to thereby achieve a recovery with equality and environmental sustainability, Alicia Bárcena, ECLAC’s Executive Secretary, said today during a high-level virtual seminar with prominent specialists from the North American country. The event entitled “The United States and Latin America and the Caribbean: a dialogue towards recovery with sustainability and equality post COVID-19" was moderated by the …

Capital Flows to Latin America and the Caribbean Picked Up in 2019, but Credit Quality Declined

19 March 2020 | News

The report Capital Flows to Latin America and the Caribbean: 2019 Year-in-Review, recently released by ECLAC’s Office in Washington D.C., reviews the main 2019 trends in capital flows to the region. According to the study, lowering global interest rates supported Latin American and Caribbean (LAC) bond activity in 2019. Borrowers enjoyed easy financing conditions, as interest rate cuts from the U.S. Federal Reserve and the European Central Bank allowed them to issue foreign currency denominated bonds at increasingly low rates. Mexican, Brazilian and Chilean borrowers were the main contributor…

Latin America and the Caribbean Saw the Best and Worst Conditions for Tapping International Capital Markets in 2018

15 March 2019 | News

Last year (2018) was a period of contrasts for Latin America and the Caribbean’s financing conditions. The report Capital Flows to Latin America and the Caribbean: 2018 Year-in-Review, released by ECLAC’s Office in Washington D.C., reviews the main 2018 trends in capital flows to the region. According to the study, the region saw the best and the worst conditions for tapping international capital markets: from US$ 32 billion in January, the highest ever monthly volume of debt in international markets to zero issuance in December, making it the worst December on record for LAC issuers. Accordin…

ECLAC Report Looks at the Role of Private Capital Flows and Its Importance for the Implementation of the 2030 Agenda in the Caribbean

25 June 2018 | News

The economic challenges in the Caribbean can be linked in significant measure to the region’s external vulnerability, states the report Resilience and Capital Flows in the Caribbean, released by the Washington Office of the Economic Commission for Latin America and the Caribbean (ECLAC). The report, which focuses on the region’s access to external financing and how to improve it as part of the overall answer to its development challenges, looks at trends in international capital flows – including portfolio flows and foreign direct investment – to the Caribbean in recent years, in the context o…

ECLAC Report Analyzes United States’ Trade Policy and Its Hardening towards Latin America and the Caribbean

22 March 2018 | News

A recent annual report elaborated by the ECLAC Washington Office provides an overview of the most relevant developments in United States trade relations with Latin America and the Caribbean and of the measures that inhibit the free flow of goods among countries in the Western Hemisphere. United States- Latin America and the Caribbean Trade Developments 2016-2017 explains that trade features prominently in the new administration’s economic agenda. The President’s Trade Policy Agenda reinforces the focus on the defense of United States interests through the promotion of free and fair trade by i…

Latin America and the Caribbean Issued US$ 74 Billion in International Bonds in the First Half of 2017

4 September 2017 | News

Latin American and Caribbean (LAC) countries sold debt at a strong pace in the first half of 2017. Flows were driven by a search for higher returns than have been offered by developed bond markets, and encouraged by an improvement in economic conditions in the region, according to an updated edition of the report Capital Flows to Latin America and the Caribbean: Recent Developments, released by the Washington Office of the Economic Commission for Latin America and the Caribbean (ECLAC). Enthusiasm for LAC assets was supported by low interest rates across de globe and sustained weakness in the …

Latin America and the Caribbean Issued International Bonds at a Record Pace in the First Quarter of 2017

14 June 2017 | News

2017 started with the highest monthly issuance on record from Latin America and the Caribbean in the international bond market, with total issuance reaching US$ 24.2 billion in January, according to the report Capital Flows to Latin America and the Caribbean: Recent Developments, released by the Washington Office of the Economic Commission for Latin America and the Caribbean (ECLAC). Petrobras led the way, issuing a US$ 4 billion dual-tranche bond on January 9, encouraging other issuers to come to the market. Although the pace of issuance slowed down in February and March, the total amount of…

New bond issuance in LAC region reached almost 14 billion dollars in March, the highest monthly issuance since June 2014

21 June 2016 | News

Market sentiment and portfolio flows to Latin America and the Caribbean (LAC) ended the first quarter of 2016 on a more optimistic note than it started, with new bond issuance reaching almost 14 billion dollars in March, the highest monthly issuance since June 2014, according to the report Capital Flows to Latin America and the Caribbean: Q1 2016, released by the Washington Office of the Economic Commission for Latin America and the Caribbean (ECLAC). According to this study, there was a large rally in LAC assets in March, but its intensity was also a function of the very challenging start of …

Latin America and the Caribbean Represents One Fifth of the United States’ Foreign Trade

1 March 2016 | News

Latin America and the Caribbean represents one fifth of the United States’ foreign trade, according to the document United States Trade Developments 2014-2015, published by the Economic Commission for Latin America and the Caribbean (ECLAC). According to the study, prepared by ECLAC’s Office in Washington, Asia represented 28.8% of U.S. foreign trade in 2013, followed by Latin America and the Caribbean (22%) and the European Union (17%). More specifically, Latin American and Caribbean countries represented 24.9% of total exports from the United States and 19.2% of its total imports. Of all the…

New Global Financial Regulations May Have Unintended Consequences on Developing Countries

8 September 2015 | News

The new rules and standards that emerged in the aftermath of the global financial crisis of 2008 seeking to stabilize the global economy, may have had unintended consequences on emerging and developing countries, a new ECLAC study states. The report Global financial rulemaking and small economies, prepared by Inés Bustillo and Raquel Artecona, Chief and Economic Affairs Officer, respectively, of ECLAC’s office in Washington D.C., indicates that the lack of representation of emerging and developing economies in standard-setting world bodies may affect the effectiveness of global financial…

Report Analyzes U.S. Trade and Investment Ties with the Region

30 March 2015 | News

To mark the twentieth anniversary of the North American Free Trade Agreement (NAFTA), the United States Trade Developments Report 2013-2014, prepared annually by the Washington Office of the Economic Commission for Latin America and the Caribbean (ECLAC), focuses on trade and investment ties between the U.S., Canada and Mexico. At the same time, presents the highlights of the economic relationship between the U.S. and Brazil, its second largest trading partner in the region. NAFTA, the study says, has made significant strides in expanding trade and investment among the three countries and enha…

Capital flows to Latin America and the Caribbean Surged in the First Half of 2014

1 September 2014 | News

The region's international bond sales reached a half-year record of US$ 84 billion in the first half of 2014, beating the previous record established in the second half of 2013 by nearly US$ 21 billion, according to ECLAC's calculations on the basis of data from LatinFinance and other market sources. According to the report Capital Flows to Latin America and the Caribbean: Recent Developments prepared by ECLAC's Office in Washington D.C., the surge represented an increase of 41% relative to the amount issued in the first half of 2013 and of 32% relative to last year's second ha…

Thirty Years after the Debt Crisis, the Region Has Better and Cheaper Access to International Bond Markets

5 March 2014 | News

Thirty years after the debt crisis erupted in 1982, Latin America and the Caribbean has higher-quality and cheaper access to the international bond market, which is the second-biggest source of external financing after foreign direct investment (FDI), according to a new study by the Economic Commission for Latin America and the Caribbean (ECLAC). The document, entitled Debt financing rollercoaster: Latin American and Caribbean access to international bond markets since the debt crisis, 1982-2012, shows that during the biennium of 2010-2011, bond flows toward Latin America and the Caribbea…

The United States Offers Opportunities for Organic Growers from Latin America and the Caribbean

2 December 2013 | News

The United States organic food market has shown impressive growth in the past 20 years, with sales rising from one billion dollars in 1990 to 31.5 billion dollars in 2011. Even shortly after the financial crisis, from 2009 to 2010, the growth in sales was 7.7 percent according to the Organic Trade Association. In 2012 the United States Department of Agriculture (USDA) estimated the size of the organic market in the United States to 31.4 billion dollars. The rapid increase in consumer demand for organic products exceeded the domestic supply capacity and traders of organic products have relied s…

17 search results. Displaying 20 per page.