Argentina's season of change
Poor harvest: but Banco Galicia, a leader in the agricultural sector, closed 2009 with a $301.5m profitDespite the twin threats of the worst drought to strike South America in decades and the continuing fallout from global financial crisis, Argentina's lenders have survived relatively unscathed. And now a debt swap offer could allow the country to access international credit markets. Writer Silvia Pavoni
Argentina: Sacking of central bank governor damages country's reputation
Before the storm: former Argentine central bank governor Martin Redrado (left) and president Cristina Kirchner The 'soap opera' surrounding the protracted dismissal of the Argentine central bank governor by president Cristina Kirchner has damaged the country's international image and highlighted major weaknesses within its institutions. Writer Jason Mitchell
Bond boom fires up Latin America
Gerdau steel plant in Brazil: issued a $1.25bn investment grade bond in NovemberWith bank lending drying up last year, many Latin American corporates turned to the bond market to strengthen their cash positions. The resulting boom has instilled a sense of confidence in the region, with firms in Brazil, Mexico and Colombia leading the way. Writer Jason Mitchell
Argentine reserves row rocks investor confidence
Question time: Martin Redrado, Argentina's central bank governorArgentina's president Cristina Fernández de Kirchner's decision to request central bank governor Martin Redrado's resignation has led to international investor concern about the monetary authority's independence. Mr Redrado refused to release $6.5bn in foreign currency reserves that Ms Fernández had ordered for a special fund to meet the country's rising debt obligations of $13bn, and the president took steps to replace Mr Redrado with Mario Blejer, who was central bank president in 2002.
Waking up the neighbours: Argentina's central bank governor Martín Redrado has achieved a first for Latin America through the currency swap with China
Carlos Heller, president, Creditcoop





