EXCLUSIVE Brazil at the bottom of the Latin Tax Index
Venezuela, Panama and Uruguay were ranked as most improved
Brazil ranks at the bottom of the Latin Tax Index for yet another year - a situation which has not improved in the four years since the ranking was released. At the same time, Chile’s predominance at number has also gone unquestioned. The index uses data from The World Bank, KPMG and the Heritage Foundation, Latin Business Chronicle reports.
Smaller companies urged to break into the markets of the Americas
The region as a whole has a $500 trillion economy and a 600 million population
Latin American and Caribbean trade conferences held in Miami often concentrate on the big multinationals and global economic trends. But Trade Américas Expo, which began Thursday last week, is shifting the focus to small and medium businesses and creating more business opportunities for them in the hemisphere, The Miami Herald reports.
Growing pains for Latin stock market
Red tape blocks boost in market trading volumes
In meetings with investors in New York, the heads of the Colombian, Chilean and Peruvian stock exchanges sought to raise the profile of the Latin American Integrated Market, known as MILA. "We were not able to iron all the issues before we started MILA. There are differences in the countries," said Francis Stenning (left), chief executive officer of the Lima Stock Exchange. Reuters reports.
International Monetary Fund gives $5.8 billion credit to Colombia
Credit would help sustain strong economic performance, says Fund's deputy director
The International Monetary Fund said on Monday it had approved a new two-year $5.84 billion flexible credit line for Colombia as a precautionary buffer against potential risks from the global economy. According to the Fund, the flexible credit line is available to countries with very strong fundamentals, policies, and track records of policy implementation, Reuters reports.
Peru's growing economy will earn better credit rating, says Moody's
Analysts expect a gross domestic product growth rate of 6 percent this year
The successful economic policies of Peru have placed the country among the top growth leaders in Latin America, which will translate into an expansion of its gross domestic product and a jump in its credit rating, according to Aaron Freedman, vice-president and senior analyst at Moody’s Investors Service, Peru This Week reports.