News of bank of america

New IDB boss Claver-Carone says he'll work for all of Latin America

15-09-2020 12:40 Mauricio Claver-Carone has been voted the new president of the Inter-American Development bank, making him the first non-Latin American head of the institution.

inter-american development bank

Trump advisor elected new head of Inter-American Development Bank

13-09-2020 08:48 Mauricio Claver-Carone elected president of Inter-American Development Bank in vote, ending decades of Latin American leadership at institution.

inter-american development bank

Trump's candidate inches closer to victory in race to lead IDB

10-09-2020 18:35 Mauricio Claver-Carone is inching closer to becoming head of the Inter-American Development Bank, after Mexico decided to pass up a potential boycott of Saturday’s vote.

inter-american development bank

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.

IDB vote

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.

Bloomberg

Ex-Costa Rica president Laura Chinchilla pitches IDB top job candidacy

03-09-2020 11:56 Laura Chinchilla, former president of Costa Rica, is considered a long-shot in the race to head the Inter-American Development Bank, but is positioning herself as a moderate alternative to US President Donald Trump's nomination, Mauricio Claver-Carone.

inter-american development bank

Latin American leaders accuse Trump of "imposing" his IDB candidate

27-08-2020 18:21 Leaders from Latin America and Spain have accused Donald Trump of seeking to "impose" his candidate to head the Inter-American Development.

inter-american development bank

Trump’s pick for IDB top job says he wants to counter China's influence

27-08-2020 02:36 Mauricio Claver-Carone said the Washington-based bank could supplant Beijing as a go-to lender across the region at a time when Xi Jinping’s administration is pulling back.

inter-american development bank

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.

DIPLOMACY

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.

BLOOMBERG - OPINION

Latin America infrastructure woes add to inequality

10-08-2020 09:25 The poorest workers and households in the region shoulder an inequitable share of the cost of ramshackle transportation, dirty water, serial power outages and patchy communications. Throw in the coronavirus pandemic, and the plight of those at the bottom is even more dire.

by Mac Margolis

BLOOMBERG

Trump hits wall with bid to place ally at Inter-American Development Bank

09-08-2020 08:08 Mexico wants to delay election of a new chief for the Inter-American Development Bank, amid controversy over US President Donald Trump’s push to have a close ally at the helm of the institution.

TRAVEL & TOURISM

Pandemic to deliver 'unprecedented' blow to tourism in Latin America, Caribbean

02-07-2020 03:21 Coronavirus pandemic to deliver "unprecedented blow" to tourism in Latin America and the Caribbean, the Inter-American Development Bank warns.

Videoconference

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.

INTERAMERICAN DEVELOPMENT BANK

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.

Inter-American Development Bank

Testing tradition, Trump taps senior adviser to lead Latin bank

16-06-2020 23:00 Trump's hand-picked candidate, Mauricio Claver-Carone, looks likely to go head-to-head with Gustavo Beliz for the role, as US breaks with tradition of choosing a Latin American to lead the Inter-American Development Bank.

BLOOMBERG

Bank of America says Latin America’s economy to crash 6.8% this year

15-05-2020 15:55 Bank of America Corp expects Latin America’s economy to slump by 6.8 percent this year and warned that plans to reopen businesses are unlikely to go smoothly as new cases continue to soar.

Bloomberg - Opinion

Helicopter money won’t ease Latin America’s pandemic pain

08-05-2020 09:25 Along with Covid-19, a fever of wonkery has broken out over how to reverse the collective economic contraction and to carry on once the health emergency has passed. As the worst of the pandemic is yet to come.

by Mac Margolis

Coronavirus pandemic

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.

UNITED STATES

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.

Coronavirus pandemic

IMF predicts Argentina's economy will contract by 5.7% this year

14-04-2020 19:03 Fund's officials forecast that Latin America and the Caribbean as a region will contract 5.2% in 2020 as activity grinds to a halt.

ECONOMIC INDICATORS

World Bank: Argentina's economy to shrink by 5.2% this year

13-04-2020 08:41 World Bank predicts Latin America shrinking by 4.6% this year, with growth only returning in 2021.

LATAM & THE PANDEMIC

IDB: Latin America’s GDP could slump by 5.5% this year

11-04-2020 09:50 Argentina’s economy will shrink between five and seven percent, according to predictions, compared to projections of a 1.5% drop before the Covid-19 outbreak.

Debt restructuring

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.

Debt talks

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.

DEbt talks

Argentina contracts Bank of America, HSBC & Lazard for debt talks

02-03-2020 17:17 Argentina hired Bank of America, HSBC to become its placement agents of the debt restructuring and engaged Lazard in order to be its financial advisor, according to a statement from Economy Minister published on Sunday.

Bloomberg

Bank of America pitches ‘mutually beneficial’ debt restructuring plan

14-02-2020 17:42 Bank of America Corp says it figured out a feasible way to solve Argentina’s debt crisis: Offer so-called pars and discount bonds for foreign-currency investors. For Argentina, it could make financing needs more manageable and reduce debt-to-GDP to 60% in the next decade.