In Argentina, we expect the debt restructuring to be successful but policy-risks dominate particularly when the electoral cycle resumes in 2021. In Costa Rica, fiscal uncertainty is growing as the government needs to rein-in spending. In Dominican Republic, political tension is mounting and could eventually hit bonds valuations. In Ecuador, all eyes are set on the recent break-up of the ruling coalition in the National Assembly and how this might condition the progress of reforms committed with the IMF. Guatemala would be the most affected country by the slowdown in the US with growth cooling in 2020. Panama has once again revised up its fiscal deficit ceiling and should engineer a comprehensive tax reform to prop up revenues. In Venezuela, we see the de facto dollarisation and the liberalisation of imports and prices leading to a stabilization of activity, giving a breather to the Maduro regime.
BancTrust & Co. is a boutique investment bank dedicated to Latin America and specialized in High Beta LatAM & the Caribbean Credit Markets; mainly Venezuela, Argentina, and Dominican Republic.
The firm operates through various entities located across The Americas and Europe. As a group of companies, we facilitate global market transactions to a diverse client base that includes corporate treasuries, financial institutions, asset managers, and governments and its entities.
Our Research & Strategy department focuses on innovative, market oriented views and analysis for institutional clients in the fixed income market.
We emphasize our local presence in the region to provide value added in markets like Venezuela and Argentina, where information is not ready accessible. Our main goal is to give investors decision-making tools based on fundamental and quantitative research.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.