2023 Q4Table of Contents

TABLE OF CONTENTS2023/Q4LETTER
DATABANK
Latin America and the Caribbean in numbersMARKET TALKLeading analysts, investors and issuers give Q4 2023 outlooks for the bond, equity, M&A and loan markets

COVERCover BlankChina & LatAM: The Penalty Shot
Once a boon for Latin America, China could now spell trouble FEATURES INFRASTRUCTURE FINANCE: CREATIVE CONSTRUCTION Finding creative solutions to finance development ESG INVESTING: REACHING THE LIMIT Investment managers are getting squeezed by the burgeoning industry COUNTRY FOCUS BRAZIL INFRASTRUCTURE: MIND THE GAP Brazil is luring more finance for much-needed infrastructure upgrades MEXICO POWER SECTOR: GRID PROBLEM A nearshoring boom is putting strain on the power system ARGENTINA ELECTIONS: ON THE BRINK OF CHANGE  Argentina is close to choosing an outsider as president  INTERVIEWS SANTIAGO PEÑA Paraguay’s president pursues green agenda, new alliances ILAN GOLDFAJN  Cooperation is needed to finance development in Latin America, IDB chief says AWARDS FINANCE MINISTER OF THE YEAR  Brazil’s Fernando Haddad wins praise for his reform push CENTRAL BANK GOVERNOR OF THE YEAR Brazil’s Roberto Campos Neto gets a grip on inflation 2023 PROJECT & INFRASTRUCTURE FINANCE AWARDS LF’s annual recognitions of excellence in dealmaking across key infrastructure sectors in Latin America & the Caribbean PARTING SHOT IT’S NOT ALL GLOOM Nouriel Roubini considers China’s fallout on Latin AmericaThe Penalty ShotBanreservasMastheadTable of ContentsLetterMarket Talk: BondsMarket Talk: EquityMarket Talk: M&AMarket Talk: LoansCoverstory: China LatAm falloutInnovations in Infrastructure FinanceESG InvestingBrazil InfrastructureMexico Power SectorArgentina ElectionsParaguay President Interview Santiago PenaIDB President Interview Ilan GoldfajnFinance Minister of the YearCentral Bank Governor of the YearWinners: 2023 Project & Infrastructure Finance AwardsInfrastructure Financing of the Year Latin AmericaBond of the YearLoan of the YearLocal Currency Financing of the YearSustainable Infrastructure Financing of the YearInfrastructure Financing of the Year – AndesInfrastructure Financing of the Year: BrazilOil & Gas Financing of the YearInfrastructure Financing of the Year – Central AmericaInfrastructure Financing of the Year – MexicoInfrastructure Financing of the Year - Southern ConeMining Financing of the YearPort Financing of the YearPower Financing of the YearWater / Sanitation Financing of the YearRenewable Energy Financing of the YearSocial Infrastructure Financing of the YearDigital Infrastructure Financing of the YearInfrastructure Law Firm of the Year – AndesInfrastructure Law Firm of the Year: BrazilInfrastructure Law Firm of the Year – Central AmericaInfrastructure Law Firm of the Year – MexicoInfrastructure Law Firm of the Year – Southern ConeSustainable Infrastructure Law Firm of the YearInfrastructure Law Firm of the Year - Latin AmericaInfrastructure Bank of the Year: MexicoSustainable Infrastructure Bank of the YearInfrastructure Bank of the Year - Southern ConeInfrastructure Bank of the Year – CaribbeanInfrastructure Bank of the Year – BrazilInfrastructure Bank of the Year - AndesProject Sponsor of the YearFinancial Advisor of the YearInfrastructure Bank of the Year: Latin AmericaParting Shot: Nouriel Roubini