April 2021
01Apr

Latin America: A Growing Appetite for Alternative Assets

Preqin has launched its first Latin America-focused report. “Preqin Markets in Focus: Latin America’s Growing Appetite for Alternative Assets” explores the emerging market and trends paving the region’s future in the alternatives industry. With diverse challenges and opportunities unique to the economies and investors in the region, this report reveals how Latin America is leaving the global pandemic behind and expanding further into the world of alternative investments. Read also Guyana. IDB study calls for overhaul of pension system The region’s...

April 1, 2021
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February 2021
26Feb

Latin American Sovereigns Are at a Pension Reform Crossroads

Fitch Ratings-London/New York-25 February 2021: Fiscal challenges and social grievances are adding urgency to a new wave of pension reforms in Latin America that could be relevant for sovereign ratings, Fitch Ratings says in a new report. Latin America’s population is still among the world’s youngest, but it is ageing at one of the fastest paces, and its savings patterns stand out as being especially low given the coming demographic pressure. But reform efforts will face challenges after years of...

February 26, 2021
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05Feb

Latin America needs a new social contract

In mexico city and Lima covid-19 patients are once again being turned away from hospitals with no beds to spare, while in Manaus, in northern Brazil, a new variant of the virus is killing a hundred people a day. The pandemic’s recession pushed 33m Latin Americans below the $5.50-a-day poverty line last year, according to the World Bank. Governments in the region are struggling to line up vaccines. So it may seem like a strange moment to be talking...

February 5, 2021
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January 2021
01Jan

Supervising mandatory funded pension systems: issues and challenges

By Gustavo Demarco, Rafae Rofman, & Edward Whitehouse The regulation and supervision of pension funds is a critical part of building public confidence in a funded-pension system. This paper argues that confidence is best bolstered by an independent, autonomous and transparent supervision agency, particularly when previous systems had failed. The choice between proactive and reactive supervision depends on previous experience of selfregulation in a country’s financial sector. The paper examines four key areas of supervision in detail: institutional, financial, membership and...

January 1, 2021
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December 2020

11Dec

Latin America’s Lost Decades The Toll of Inequality in the Age of COVID-19

By Luis Alberto Moreno During the early days of the coronavirus pandemic, in March 2020, Guayaquil, Ecuador’s business capital of some three million people, was in trouble. By a twist of fate, more than 20,000 Ecuadorians had just returned home from their seasonal vacations. Many had come from Italy and Spain, two coronavirus hot spots, with the earliest and most deadly outbreaks of COVID-19. President Lenín Moreno understood that the threat was serious but opted, at first, not to close...

December 11, 2020
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02Dec

Latin American private pensions fuel cross-border demand: report

The research puts total AuM for the four administradoras de fondos de pensiones (AFP/Afore) systems at $574bn at the close of 2019. Including Brazil's complementary pension system, which also had a positive year, total regional AuM stands at $1.05trn. Flows into the AFP/Afore pension managers in Chile, Mexico, Colombia, and Peru reflect a gradual upward trend that mimics increasing formality in labor markets and higher salaries. The inflows are also among the most reliable in Latin America. While cross-border...

December 2, 2020
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November 2020

18Nov

Latin America’s leaders will have plenty of headaches

For latin america´s leaders 2021 will be about steering economic recovery while fending off a debt crisis and trying to persuade their citizens that democracy can still deliver results. What are the prospects around the region? With populations ravaged by covid-19 despite long lockdowns, many countries may have some degree of “herd immunity”. But the socio-economic consequences of the pandemic will linger: after economies contracted by 8% or so in 2020, Latin America will have some 40m “new poor”,...

November 18, 2020
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06Nov

COVID-19 in Latin America: a humanitarian crisis

Latin America has some of the highest COVID-19 death rates in the world. Why? For outsiders, much of the discussion of COVID-19 in Latin America has focused on Brazil and the errors of President Jair Bolsonaro. But the region as a whole is facing a humanitarian crisis borne out of political instability, corruption, social unrest, fragile health systems, and perhaps most importantly, longstanding and pervasive inequality—in income, health care, and education—which has been woven into the social and...

November 6, 2020
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05Nov

The Future of Work in Latin America and the Caribbean: How Can Technology Facilitate Job Recovery after COVID-19?

By Azuara Herrera, Oliver; Fazio, Maria Victoria; Hand, Anne; Keller, Lukas; Rodríguez Tapia, Catalina; Silva Porto, María Teresa COVID-19 has been a catalyst for three technologies that had had slow adoption rates until just a few months ago: teleworking, on-demand digital platforms, and online training. This is evidenced by the increase in downloads of mobile applications related to these activities. In this interactive note, the sixth in the series The Future of Work in Latin America and the Caribbean,...

November 5, 2020
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October 2020

29Oct

Pension Reform in Mexico: Guiding Principles for Creating a Sustainable and Balanced System for Private Sector Workers

By Guillermo Zamarripa & Gustavo A. Del Angel From 1995 to 1997, Mexico engaged in a major pension reform. With that change, the system migrated from a pay as you go defined benefit model to a defined contribution one. The pension system reform permitted a sustained increase of financial savings in Mexico from 1999 to 2019. Savings managed by the pension funds -the Afores1- reached 16.6% of GDP as of the end of 2019. However, after more than two...

October 29, 2020
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