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  • Tuesday, January 19 2016
    Venezuela:

    -Yesterday was announced the deferment of the installation of the National Economic Council for today, where Vice-president Aristobulo Isturiz, Productive Economy Minister Luis Salas and the economic cabinet are expected to have a meeting with governors, mayors and businessmen from the whole country. This meeting is expected to be centered in coordinating efforts between economic sectors and the ministers from all economic areas to look for solutions to current economic issues. Also, for today is expected that President Maduro exposes the economic agenda

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  • Tuesday, January 19 2016
    Venezuela:

    -One day after deciding to revoke the swearing of the three Amazonas deputies, the Supreme court ruled that the Parliament was no longer in contempt and, therefore, there were no reasons for President Nicolas Maduro not presenting its yearly accountability in front of legislators. In view of this decision, Henry Ramos Allup, president of the National Assembly, said that the President will be received with corresponding honors and protocol, something that will take place in an extraordinary session scheduled at 5pm (local time). Finally, Ramos Allup added

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  • Tuesday, January 19 2016
    Venezuela:

    -This Wednesday, Venezuelan Congress summit to discuss the most recent sentence of the Supreme Court involving its directive and three deputies of the MUD bloc. After initially disagreeing on how the directive should abide the sentence, the session followed its preliminary agenda and the first project of law was introduced by Julio Borges, a MUD deputy. The 15 permanent commissions were appointed and Alfonso Marquina will be in charge of the Finance Commission. According to Marquina, the priority from this commission will be to reform the central bank law

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  • Tuesday, January 19 2016
    Venezuela:

    - An ordinary session of the National Assembly, scheduled to take place yesterday, will be carried out today after it was suspended due to the lack of minimal quorum. This session will be extremely important as it would deliver the official response from the opposition-controlled Parliament after its board was declared in contempt by the Supreme Court, this due to the swearing of three opposition deputies from Amazonas. If the National Assembly chooses not to revoke the swearing, PSUV’s Diosdado Cabello has said the Parliament would commit legislative o

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BancTrust & Co. is a boutique investment bank dedicated to Latin America and specialized in High Beta LatAm 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.

  • Venezuela Weekly Report

    Venezuela’s Debt Settlement with Uruguay

    February 1 2016 Hernán Yellati, Guillermo Quiroga & Oriana Covault

    Back in 2015, the President Nicolás Maduro and his Uruguayan counterpart Tabaré Vázquez reached an important deal while settling conditions for Uruguay to repay an USD400mn debt from the state-oil company Ancap owed to PDVSA. However simple the terms of the agreement might look, the past couple of weeks protests have been taking place... Read more

  • Argentina Weekly Report

    Inflation: The Main Challenge

    February 1 2016 Hernán Yellati, Guillermo Quiroga & Oriana Covault

    Argentina is saying goodbye to energy subsidies, as the government ordered ENRE (“Ente Nacional Regulador de la Electricidad” in Spanish”) to fix a new prices chart for electricity. The total increase would reach up to 600% for big consumers, and will apply for households, industries and small & medium companies starting this 01 February. Read more

  • Quantitative Reports

    EM Quantitative Chartbook Weekly Report

    July 17 2015 Research & Strategy Team

    Below we produce the Par Equivalent CDS spread metrics in order to assess the credit relative value and identify the bonds that are cheap or expensive relative to what we describe as a theoretical fair value curve. Graphs and tables below show results of these calculations for Venezuela, PDVSA, Ukraine, Russia, Argentina, Panama, Turkey, Ecuador, Mexico and Brazil. Read more

  • Ecuador repays debt and makes history

    Ecuador repays debt and makes history

    December 16 2015

    Full repayment of 2015 bond is landmark on road to recovery from status of serial defaulter©BloombergRafael Correa, Ecuador’s leftist Read more