Carlos Heller, president, CreditcoopAs Argentina slides towards recession, the country's private banks are reining in their lending activity, meaning that publicly owned banks will have to take a more advanced role in safeguarding the country's economic wellbeing. Writer Jason Mitchell in Buenos Aires
He may not control the billions of dollars that some of our other big hitters do, but Marcelo Mindlin of private equity fund Grupo Dolphin nonetheless makes our list as part of a new class of Argentine entrepreneur, aggressively (re)making their fortunes in the aftermath of the country’s massive 2001 default.
Argentina’s recovery from its debt default is likely to be slow and investors’ lack of confidence over contractual law is not helping. Jason Mitchell reports from Buenos Aires.Argentina will probably reach an accord with its international creditors next year but is likely to suffer the consequences of its debt default for many years as investment flows stall, productivity falls behind competitor countries and interest rates remain high, which will hamper growth.