Ecuador Flash Notes

All Set for a Runoff Election

March 1, 2017BancTrust & Co. Research Team
Ukraine Flash Notes

Amid Positive News and Legal Threats

January 25, 2017BancTrust & Co. Research Team

Expectations on Ukraine are getting bigger this year, since harder times seem to have passed. The first positive result of the year shows us that the Consumer Price Index (CPI) in 2016 remained in line with the National Bank of

Venezuela Flash Notes

Venezuela Places a New Dollar Bond

January 9, 2017BancTrust & Co. Research Team

Earlier today, a government official reported the issuance of USD5bn by the Republic, in dollar-denominated bonds. The transaction was a private placement for the Central Bank and state-owned bank Banco de Venezuela. This issuance would be the first made by

Argentina Flash Notes

Economic Cabinet Shake-up

December 26, 2016BancTrust & Co. Research Team

The government Cabinet Chief Marcos Peña announced in a press conference today the resignation of Alfonso Prat-Gay as Treasury & Finance Minister, alleging differences within the economic team and its functioning. Thus, early rumors were confirmed, pointing also to important

Ukraine Flash Notes

2017: An Opportunity for Further Improvement

December 23, 2016BancTrust & Co. Research Team

During 2016, the Ukrainian economy has demonstrated some advance, and the latest results hint towards positive perspectives. According to the State Statistic Service of Ukraine, GDP increased 2% y-o-y and 0.5% q-o-q in 3Q16 while accumulating a 1.2% YTD increase.

  • Thursday, May 25 2017
    Venezuela:

    - During a televised press conference, the top Public Prosecutor Luisa Ortega Diaz addressed several events regarding the wave of protests in Venezuela. In detail, the prosecutor denounced the possession of arms by the population despite the current ban by the Ministry of Interior, the performance of state security forces and military trials of civilians. One of the statements with greatest impact referred to the cause of death of a young opposition demonstrator product of a metal projectile fired by an official of the Bolivarian

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  • Wednesday, May 24 2017
    Venezuela

    - Finance Minister Ramon Lobo and the Executive Board of the Central Bank of Venezuela (BCV in Spanish) announced the start of operations of the new FX system DICOM. The system will work through two weekly auctions (the first one will take place tomorrow) and a bands’ system where the FX rate will fluctuate – the starting rate has not been announced yet. The official rate will be the lowest offered by those who are adjudicated, but a “contingent” auction will take place in case that such rate exceeds the upper band establis

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  • Tuesday, May 23 2017
    Venezuela:

    - For today, the new FX scheme, DICOM, is set to begin operations, and yesterday the Minister of Foreign Trade and International Investment, Jesus Faria, assured that the main goal is to reduce the impact of the parallel dollar and to increase the assignment of currency for business. It is expected that today further details of the mechanism will be disclosed from the facilities of the Central Bank of Venezuela (BCV for its words in Spanish), so stay tuned for more.

    Argentina:

    - The US Treasury Secretary, Steven Mnuchin, told the Senate yesterday that regulators would review Rosneft’s stake of Citgo Petroleum Corp., this as concerns have emerged over possible control from the Russian company in case that PDVSA fails to make payments on the bonds guaranteed by Citgo’s collateral. Senators raised their concerns – regarding Rosneft’s “control of a major US energy supplier” – on what they consider a national security matter to Mnuchin, who heads the Committee on Foreign Investment in the Unite

    Read More >>

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