News of bank of america

Cuba lays groundwork to legalise cryptocurrency transactions

30-08-2021 10:43 Communist government is trying to legalise and regulate the growing use of cryptocurrencies on the island as citizens ramp up transactions to evade state controls. 

Paraguay seeks to wind down stimulus as economy bounces back

27-08-2021 12:27 Paraguay will continue to dial back pandemic stimulus next year as a fast growing economy cushions austerity measures that have proved unpopular in other South American countries.

World Bank forecasts 'modest recovery' for Latin America and Caribbean

09-06-2021 14:51 Latin America and the Caribbean will have "modest economic recoveries" in 2021, the World Bank has warned. Argentina's economy forecast to rebound 6.4% this year.

Brazil hikes interest rate, eyeing inflation

18-03-2021 11:39 First rate hike in six years for Latin America's biggest economy. Central Bank indicates another hike of the same magnitude could be coming in May.

European leaders ask EU to support postponement of IDB vote

08-09-2020 17:13 Three European leaders enter debate. Vote to elect the next president of the Inter-American Development Bank is currently scheduled to take place by remote session on September 12.

United States 'confident' it has votes to win IDB presidency

03-09-2020 13:30 United States' controversial nomination for the Inter-American Development Bank, Mauricio Claver-Carone, has the support from all 'sub-regions' according to US official.

Siding with Trump, 17 nations reject delay to vote on IDB chief

18-08-2020 23:29 Seventeen nations – including Brazil, Colombia, Ecuador and Bolivia – release letter rejecting attempts to delay vote on next chief of Inter-American Development Bank, complicating Argentina's hopes for their own candidate.

Trump's pick for top IDB job slams Argentina's 'obstruction'

12-08-2020 16:42 Mauricio Claver-Carone, US President Donald Trump's candidate to head the Inter-American Development Bank, claims he has the backing of the majority of Latin American countries and accuses Argentina of trying to "obstruct" his election. 

Latin American leaders ask IMF, IDB, World Bank officials for support

25-06-2020 01:34 Presidents of nine Latin American nations ask International Monetary Fund, World Bank and the Inter-American Development Bank for support during virus crisis, including restructuring of debt.

Trump expolits Latin America split to push adviser for IDB post

20-06-2020 10:54 US president taps Mauricio Claver-Carone for Inter-American Development Bank presidency, severely damaging President Alberto Fernández hopes for his adviser Gustavo Beliz’s candidacy.

Argentina secures US$4-billion loan from Development Bank of Latin America

06-05-2020 17:58 The government has confirmed that it has secured a US$4-million loan from the Development Bank of Latin America (CAF) to assist its efforts to tackle the coronavirus pandemic.

I'm a small business owner in the US – will I get a coronavirus bailout too?

01-05-2020 12:16 The US government’s US$350-billion loan fund has run dry – yet many big businesses have been awarded millions.

by * Reprinted with kind permission from the author.

Government hires banking veterans for debt talks

10-03-2020 21:45 Three experienced Latin American bankers from HSBC Holdings Plc, Citigroup Inc. and Bank of America Corp. will lead the restructuring of more than US$76 billion of debt owed to global investors by Argentina and the province of Buenos Aires.

Buenos Aires Province hires Bank of Amercia, Citigroup for debt restructuring

09-03-2020 16:20 Citigroup and Bank of America have been contracted by the Buenos Aires provincial government to renegotiate debt issued under foreign legislation.