LatinFinance - May/June 2017 - 6
Around the region
Ecuador met fixed-income investors on a roadshow in late April.
Bondholders had dumped Ecuador's sovereign debt after Lenín
Moreno (pictured, right, with outgoing President Rafael Correa)
beat conservative candidate Guillermo Lasso in the second
round of the presidential election in early April. "We don't
envision Moreno coming in and making a lot of
business-friendly reforms in order to reduce the country's
dependence on oil," Sean Newman, a fixed-income analyst at
bond manager Invesco, told LatinFinance at the time
"Despite the ruthless
economic war, in
conspiracy with domestic
media and international
news agencies, driven by
imperialists and internal
stooges, today, April 12, 2017,
the revolutionary
government made a $2.557
billion payment"
@TareckPSUV Tareck El Aissami, Venezuela's vice-president,
announces sovereign and PDVSA bond payments
Odebrecht scandal grows
The bribery scandal at Brazilian
construction company
Odebrecht has gathered
momentum with more
politicians, including the sitting
President Michel Temer and
members of his cabinet, getting
pulled into the fray.
Edson Fachin, a justice on
Brazil's Supreme Court (STF),
has allowed federal prosecutors
to begin investigations into 108
politicians, with eight ministers
on the list, Chief of Staff Eliseu
Padilha and Foreign Minister
Aloysio Nunes among them, and
including members of political
parties on both the left and the
right.
6 L AT I N F I N A N C E . C O M - May/June 2017
6 L ATINFINA NCE.COM - May/June 2017
Temer himself was kept off the
list. But Márcio Faria, the former
chief executive of Odebrecht
Engenharia Industrial, testified
as part of a plea agreement that
he met Temer in 2010 to talk
about donations to the Partido
do Movimento Democrático
Brasileiro, or PMDB, the
president's political party, in
exchange for help winning
Petrobras contracts. Temer
called the allegation "an
absolute lie".
Former presidents Luiz Inácio
Lula da Silva, Dilma Rousseff,
Fernando Henrique Cardoso,
José Sarney and Fernando Collor
have all been implicated in the
scandal. Dilma, for one, has
dismissed the allegations and
said Marcelo Odebrecht "lacked
the truth" in his testimony.
True or not, Brazil runs the risk
of "institutional paralysis" from
the deepening political crisis,
said Jorge Viana, a senator who
is also under investigation.
Temer's cabinet members,
particularly Padilha, are
expected to keep their jobs, at
least until the government can
pass proposed pension reforms.
http://www.LATINFINANCE.COM
Table of Contents for the Digital Edition of LatinFinance - May/June 2017
Contents
LatinFinance - May/June 2017 - Cover1
LatinFinance - May/June 2017 - Cover2
LatinFinance - May/June 2017 - Contents
LatinFinance - May/June 2017 - 2
LatinFinance - May/June 2017 - 3
LatinFinance - May/June 2017 - 4
LatinFinance - May/June 2017 - 5
LatinFinance - May/June 2017 - 6
LatinFinance - May/June 2017 - 7
LatinFinance - May/June 2017 - 8
LatinFinance - May/June 2017 - 9
LatinFinance - May/June 2017 - 10
LatinFinance - May/June 2017 - 11
LatinFinance - May/June 2017 - 12
LatinFinance - May/June 2017 - 13
LatinFinance - May/June 2017 - 14
LatinFinance - May/June 2017 - 15
LatinFinance - May/June 2017 - 16
LatinFinance - May/June 2017 - 17
LatinFinance - May/June 2017 - 18
LatinFinance - May/June 2017 - 19
LatinFinance - May/June 2017 - 20
LatinFinance - May/June 2017 - 21
LatinFinance - May/June 2017 - 22
LatinFinance - May/June 2017 - 23
LatinFinance - May/June 2017 - 24
LatinFinance - May/June 2017 - 25
LatinFinance - May/June 2017 - 26
LatinFinance - May/June 2017 - 27
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LatinFinance - May/June 2017 - 47
LatinFinance - May/June 2017 - 48
LatinFinance - May/June 2017 - Cover3
LatinFinance - May/June 2017 - Cover4
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