Ones to Watch
Americas: Controversial proposal to merge Mexico’s regulators postponed amid backlash Sectors: all Key Risks: regulatory changes; contract frustration In Mexico, Ricardo Monreal, the Senate leader of the ruling leftist Morena party, decided to delay a controversial proposal to merge three regulatory bodies – an initiative that was publicly backed by President Andres Manuel Lopez Obrador […]
Americas: Guyana completes 2 March general election vote recount, opposition set to win Sectors: oil and gas; mining Key Risks: political instability; policy continuity; civil unrest In Guyana, after 33 days the Guyana Elections Commission (GECOM) completed the recount of the votes cast in the 2 March general elections, with unofficial results granting the opposition […]
Americas: Suriname faces heightened political instability after crucial election Sectors: oil and gas; mining Key Risks: political instability; policy continuity; legislative gridlock; unrest In Suriname, political instability is set to heighten as pressure mounts for electoral authorities to announce the final results of the 25 May elections. As of 31 May, with 99.5 per cent […]
Americas: Creditor talks set to continue after Argentina’s ninth sovereign default Sectors: all Key Risks: sovereign default In Argentina, creditor groups were approached by the government to sign a non-disclosure agreement to continue debt restructuring negotiations. The move came a day after the country defaulted for the ninth time on its sovereign debt after missing […]
Americas: Ecuador’s mining sector to resume operations despite state of emergency extension Sectors: mining; all Key Risks: business interruption; economic risks In Ecuador, the mining sector has been allowed to gradually resume its activities over the coming weeks after the Committee for Emergency Operations approved on 15 May a set of strict health and safety guidelines […]
Americas: Controversy expected as Guyana’s 2 March general elections vote recount begins Sectors: all; oil & gas Key Risks: political stability; policy continuity; civil unrest In Guyana, controversy over the 2 March general elections is set to increase as the long-delayed full recount of votes began on 6 May. Meant to last around 25 days, according to estimates […]
Americas: Argentina unlikely to modify debt restructuring offer as default looms Sectors: all Key Risks: sovereign default In Argentina, the government appears ready to extend the 8 May deadline it has imposed on holders of US$66.2bln of foreign debt to accept a restructuring proposal which has been already rejected by the main creditor groups. The extension would […]
Americas: Brazil’s Bolsonaro under growing pressure as Moro quits finance minister post Sectors: all Key Risks: political instability; policy continuity In Brazil, Sergio Moro resigned on 24 April as justice minister after a showdown with President Jair Bolsonaro, who he accused of interfering in police investigations and of firing the head of the federal police for personal […]
Americas: Mexico’s Pemex faces bond sell-off, higher borrowing costs amid credit rating cuts Sectors: oil & gas Key Risks: non-payment; credit rating downgrade In Mexico, embattled state-owned oil firm Pemex is expected to face a bond sell-off and increased borrowing costs following Moody’s Investors Service’s decision to cut its credit rating two notches to Ba2 with a negative […]
Americas: Guyana’s electoral authorities to decide on general elections full recount Sectors: all; oil & gas Key Risks: political stability; policy continuity; civil unrest In Guyana, the Guyana Elections Commission (GECOM) is meant to decide on the modalities under which it will conduct a full recount of the 2 March general elections. The recount was […]
Americas: Argentina delays local-law debt repayments amid heightened Sectors: all Key Risks: sovereign default; policy continuity In Argentina, the government issued a decree unilaterally postponing the payment of up to US$10bln in dollar-denominated debt issued under local law until 31 December or a prior date to be determined by the Economy Ministry. The move, which […]
Americas: Brazil’s Petrobras to cut output, investments amid COVID-19 Sectors: oil and gas Key Risks: economic risks; frustration of process In Brazil, state-owned Petrobras announced plans to cut crude oil production, investment spending and refined-product output to mitigate the impact of COVID-19 and of plummeting oil prices. On 26 March the firm stated that it […]
