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Events
Databanks
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Argentina databank Nov 7
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Brazil Economics databank Oct 15
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Central America databank Oct 31
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Chile databank Oct 23
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China databank Mar 21
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Colombia databank Nov 6
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Dominican Republic databank Oct 18
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Ecuador databank Oct 23
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Gulf Countries databank Nov 1
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Hungary databank Oct 18
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India databank Oct 30
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Mexico databank Sep 11
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Panama databank Sep 11
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Peru databank Oct 15
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Philippines databank Nov 8
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Russia Economics databank Oct 11
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South Africa databank Nov 1
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Turkey databank Sep 18
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Ukraine databank Aug 14
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Venezuela databank Nov 5
NEWS FLASH
UPCOMING WEBINAR - GCC OUTLOOK: OIL, DIVERSIFICATION, REGIONAL CONFLICT...
COUNTRY INSIGHTS
Investment Opportunities in Venezuela in Oil and Gas
VENEZUELA · Report · 05 Sep 2013
The Key Energy Opportunities in Venezuela versus other Emerging Market Countries The Venezuelan government has realized the need to increase oil and gas output as oil markets have moved to a not-so-rosy outlook and prices are stable, with a downside risk. Geopolitical risks only provide brief res...
Taking stock of last week's Sicad auction
VENEZUELA · In Brief · 26 Aug 2013
By announcing it would award 2035 Pdvsa bonds in the Sicad auction, BCV created the expectation of actual delivery of the bond to companies. In reality, BCV sold the bonds in the market and is awarding dollars. Reference to the market value of the bonds ($239.8 million, 79.9%) in BCV’s notice on ...
Slow and Gradual Economic Policy
VENEZUELA · Report · 22 Aug 2013
Executive Summary With December municipal elections nearing, President Maduro and the PSUV face political challenges from within chavismo as well as from the opposition. Small allied parties are protesting for having been offered only 5 percent of the candidacies. The base is unhappy that no prim...
Pdvsa 2035 show up in Sicad
VENEZUELA · In Brief · 21 Aug 2013 · 2 responses
The BCV bond portfolio emerges as a source of funds for Sicad auctions. The BCV has called a $330 million bid which will be funded through the sale of Pdvsa 2035, without affecting its dwindling foreign reserves. The Sicad bond system differs from Sitme. In Sicad, importers will not acquire bonds...
Sicad 2 Disappoints
VENEZUELA · Report · 25 Jul 2013
Executive Summary Nicolás Maduro has had a busy month filled with activities at home and abroad designed to show him firmly in control of the presidency. Meanwhile, repression against opposition politicians continues. The PSUV seems to be trying to silence the opposition by harassment. Venezuela’...
Sicad Methodology
VENEZUELA · Report · 16 Jul 2013
On Monday, July 15 in the afternoon, Armando León, member of the board of BCV, announced the methodology to be used to award forex in the Sicad auction on Wednesday, July 16. BCV will define a range (i.e., floor and ceiling). Bids that fall outside the range will be disqualified. Forex will be so...
Midyear Brief
VENEZUELA · Report · 10 Jul 2013
Dialogue with the private sector is President Maduro’s most important public policy initiative so far, seeking to identify and resolve the most critical obstacles to local production. Hostility has given way to a rather relaxed exchange of views. The short list of urgent matters includes access t...
Sicad 2.0 on the Horizon
VENEZUELA · Report · 09 Jul 2013
The new Sicad system will begin operating in a matter of days. Key issues, such as theallocation mechanism, amounts to be auctioned, criteria defining qualified buyers, and of course, the exchange rate, are still undefined and in the hands of the Ministry of Finance and the central bank. Hopefull...
Recession with Inflation
VENEZUELA · Forecast · 01 Jul 2013
Executive Summary Our outlook for 2013–2014 is gloomy. Owing to years of costly and unsustainable government policies intensified during the long lead-up to last year’s presidential vote and prolonged by regional elections, Chávez’s death, and the snap election to replace him, the economy shrinks...
Stagflation
VENEZUELA · Report · 27 Jun 2013
Executive SummaryMunicipal elections have been set for 8 December 2013. Both the government and the opposition are framing the election as a referendum on Nicolás Maduro and his government. Elections will continue influencing government policy.Pdvsa president and Energy and Oil minister Rafael Ra...
Constitutional Chamber will hear all Electoral Impugnation Cases
VENEZUELA · In Brief · 21 Jun 2013
The Constitutional Chamber of the Supreme Tribunal of Justice (TSJ), headed by Gladys Ramirez, president of TSJ, announced its decision to hear all the cases related to the impugnation of the 14 April 2013 presidential election, until now in the hands of the Electoral Chamber.Henrique Capriles we...