Ana Cecilia Akamine

📈 Chilean Economic Analysis: April 2024 Imacec According to data published by the Central Bank of Chile, the Imacec (Monthly Economic Activity Index) for April 2024 experienced a growth of 3.5% compared to the same month in the previous year. While modest, this result reflects an upward trend in the Chilean economy. Let’s delve into some key details: 1. Monthly Growth and Market Consensus: In April, the Imacec showed a contraction of -0.3% compared to the revised March data, surpassing the market consensus average of -0.6%. However, in year-on-year terms, economic activity expanded at a rate of 3.5% at the beginning of the second quarter, up from the revised March figure of 0.5%, albeit slightly below market expectations (3.7%). 2. Sector Breakdown: The decline in economic activity during the month can be attributed to decreases in the mining sector (with a monthly contraction of -2.4%), trade (with a monthly decrease of -1.4%), and taxes on products (with a monthly decline of -0.6%). However, there was a recovery in manufacturing (with monthly growth of 0.9%) and other goods (with a monthly increase of 0.3%). 3. Year-on-Year Growth by Sectors: In year-on-year terms, the three additional business days compared to 2023 contributed to the expansion across almost all sectors. Leading this growth were the manufacturing industry (with a 6.5% YoY increase), trade (with a 6.4% YoY growth), and other goods (with a 5.3%YoY increment). However, trade was impacted by reduced vehicle sales and lower food sales, acting as the main detractor in economic activity. 4. Future Outlook: Despite two consecutive months of monthly declines, the overall view remains positive for the Chilean economy in 2024.

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📣 Great news! We're launching the second phase of our Payments to Advance Growth for All (PAGA) Initiative, and we are looking for your input. Read on ↓    👥 PAGA, a joint initiative between the World Economic Forum and the IDB Lab, brings together over 100 representatives from both the public and private sectors to discuss, learn, and exchange knowledge centered around digital payments in Latin America and the Caribbean.     Our key objectives are:   📜 Build regulatory practices to reduce market barriers and facilitate cross-border payments  🧩 Promote public-private collaboration, encouraging MSMEs inclusion in cross-border payments and trade  🚀 Drive the facilitation of new technologies and foster innovation among stakeholders  🤝 Explore digital trade agreements to secure safe cross-border digital payments     As we launch PAGA II, we are starting by identifying successful use cases of digital payment solutions that enable MSMEs to conduct cross-border transactions. Digital payments are crucial components in our growing digital economy, and we aim to create a learning environment where innovative solutions are showcased, replicated, and improved.     ⏰📝 We invite you to submit your successful use cases by October 11 through our new project website: https://lnkd.in/eeCr7zjP #DigitalPayments #PAGA #LATAM #MSMEs #Trade #DigitalEconomy

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What Jumps Out : 7 Days 7 Questions Welcome once again to the weekly look at Colombia and once again to a long weekend. Let's see what has been happening. 1. What did Superfinanciera Colombia have to say about Bancolombia at the Asobancaria conference ? 2. What did Banco de la República - Colombia say in response to the banks demanding stimulus for the economy ? 3. What did President Petro have to say at the same event ? 4. How was the May tax collection according to the Government ? 5. What was Ministerio de Hacienda Bonilla response ? 6. What is happening with diesel prices ? 7. How was the reform process this week ? That is it for now, have a restful weekend and catch up with you all next week. Regards Roops #Asobancaria #Economy #Diesel #Taxes #Exports #Reforms

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NEW: (Translated from original) "The Central Bank of the Argentine Republic (BCRA) has confirmed that companies with pending profit distributions will be able to subscribe to Bopreales. This is expected to begin next week. BCRA’s Communication “A” 7999 states that both companies with pending dividend payments to non-resident shareholders and non-residents who have received dividends in pesos in the country in recent years will be able to purchase these bonds in the primary market.   However, there are some important differences compared to importers. Unlike the latter, new Bopreales buyers will not be able to access the CCL (Contado con Liquidación) to settle 100% of dividend debts. This is due to the difference between the selling price of the bonds and their nominal value (VN). Recall that importers who buy Bopreal do have access to the CCL without affecting their access to the MULC (Mercado Único y Libre de Cambios) to settle their commercial debt, as Bopreales trade below par.   In addition, the BCRA also published Communication “A” 7997, which specifically addresses the purchase of Bopreales by financial institutions with non-resident shareholders.   The next Bopreal auction is scheduled for next week, according to official information provided by the BCRA. Assuming that Series 3 will continue to be offered and that the purchase of the bonds will continue to be subject to the PAIS tax, the implied exchange rate for buying Bopreales in the primary market with pesos and then selling them in the secondary market with dollars would be around 1,300 pesos, which is slightly more than 200 pesos above the CCL.   It will be interesting to see if companies with pending dividends are willing to accept these levels or if they prefer to wait. The financial market situation may influence their decisions." https://lnkd.in/etEFvHxT https://lnkd.in/eT-srV3T #bopreal #debtcrisis

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Imagine a region where #sustainability is at the forefront of all that we do. With collaboration, this #IS our future reality. Together, we all can be actors. Together we can be #Impctrs IDB Invest

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Late update from Banco Bolivariano 🌿 We're thrilled to announce that we have successfully completed our TCFD framework, thanks to the dedicated efforts of our Risk, Finance and Sustainability department. Motivated by our core values, we have outlined the following key initiatives: (1) We will establish a dedicated Sustainability Committee to oversee our sustainability efforts and ensure the integration of TCFD and TNFD recommendations (Governance). (2) We are incorporating ESG factors into our credit decisions and internal processes (Risk Management). (3) We have identified priority sectors affected by climate change and are implementing tailored strategies to address their challenges (Strategy). (4) We are enhancing our eco-efficiency, climate risk management, and reporting efforts to reduce our environmental footprint and promote sustainable practices (Metrics and Targets). Special thanks to Deloitte Sustainability Eduardo Alfonso Atehortua Barrero Andrea Sánchez B. Daniel Gómez Gil Ana Cristina Londoño Zapata and my team Melina Sáenz Ivanna Lértora Augusto Jouvin Nugué for leading this initiative. We are excited about the positive impact these initiatives will have on our organization, our stakeholders, and the environment.

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First social bond in Bolivia with BancoSol! Using funds from Women Entrepreneurs Finance Initiative (We-Fi), IDB Invest will provide a #blendedfinance incentive of up to $200,000 contingent on BancoSol meeting portfolio growth targets for women-owned small and medium enterprises in Bolivia, including in rural and Amazonian areas.   The blended financing comes on top of IDB Invest's support for BancoSol's issuance of Bolivia's first social gender bond, which raised approximately 205.8 million bolivianos (equivalent to US$30 million). The proceeds of the bond will be used to finance micro and small enterprises owned by women in Bolivia, with the goal of benefiting at least 4,500 such enterprises. IDB Invest played a key role in making the bond issue possible by providing a partial credit guarantee of up to 50% of the bond's capital. Kudos to the various teams involved in the transaction.

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🚀 Top developments in #LatAm private capital: • IFC - International Finance Corporation, IDB Invest and CAF invested COP4.3b (~USD1.14b) in debt financing for Colombian highways Magdalena 1 and Magdalena 2. #PrivateCredit • General Atlantic led a Series B+ for QI Tech, a Brazil-based API-based credit issuance platform. #VC • Vinci Partners acquired Mav Capital, a Brazil-based alternative asset manager focused on agribusiness. #RealAssets • Brazil-based pet products retailers Petz and Cobasi agreed to merge in a cash and share swap deal. #PE For more industry news, view the latest edition of LAVCA's #PCU: https://hubs.la/Q02vSsRc0 #venturecapital #LatinAmerica #markettrends #investments #finance #tech #privatecapital #finance #startups #privateequity

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BEHAVIORAL ECONOMICS. | Diplomado "Trading and Global Markets (Institutional & Retail Investors)" Más información en: https://lnkd.in/gv_nQeNP #HyperFinancialTraining #risk #riskmathics #riskmanagement #Trading #IA #GlobalMarkets #RetailInvestors #BehavioralEconomics

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🔴#Ahora #Vivo #Transmisión 🗣 "Mercados emergentes: flujos de capital, sobreendeudamiento, inflación y crecimiento" ✍️ Días: 20 y 21 de mayo - 2024 📌 Lima, Perú FLAR | Fondo Latinoamericano de Reservas Banco Central de Reserva del Perú - BCRP National Bureau of Economic Research . . #BCR #Peru #nber #fondolatinoamericanodereservas #FLAR #EmergingMarkets #CapitalFlows #DebtOverhang #Inflation #Growth #WorkingPapers #data #Economy #OmdenaLimaPeruChapter #Omdena #worldwide

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Consumer Finance Scales: Comparing English and Spanish Versions of a National Survey in the United States AFCPE® (Association for Financial Counseling and Planning Education®) Abstract: Financial scales were developed to understand and explain the financial behavior of adults in the United States using data from the 2018 National Financial Capability Study (NFCS) and the Spanish-Language Supplement. The main difference between them is that the Spanish-Language Supplement was composed only of Hispanics who prefer Spanish as their first language. Researchers combined various related questions using factor analysis (principal component analysis) to create the scales for financial anxiety, financial capability, financial readiness, financial self-efficacy, and financial technology. These scales and their corresponding scores allowed researchers to better measure specific concepts related to consumer financial management. Cronbach’s alpha showed scales were reliable and the Kaiser–Meyer–Olkin index confirmed the appropriateness of factor analyses. Except for financial capability, all financial scales using the 2018 NFCS State-by-State Survey were validated using the 2018 NFCS Spanish Supplement.

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💪Proud to invest the first #thematic #bond issued in Guatemala! LAGreen’s subscription of USD 20 million to the Senior Sustainable Bond represents a pivotal moment for the local market as well as for the issuer, Banco Promerica Guatemala. Projects financed through the bond are expected to contribute to multiple Sustainable Development Goals (#SDGs), including the promotion of affordable and #clean #energy and #climate #action. In parallel, the proceeds will support on advancing the objectives of Guatemala’s newly introduced Energy Transition law. Thanks to the collaboration of other co-investors IDB Invest and Symbiotics Investments, this investment will foster green initiatives and catalyze development of green bond market in Guatemala. Link to the press release in comments 👇

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Que se necesita para ser el “#BancoDigital #1 en México” …? Quien tenga la capacidad de ajustar su modelo de negocio, productos y servicios a la dinamica de cambio en el contexto y en las necesidades de los consumidores. Convergence of #AI with #Products (accelerate your #digitalproduct development) & #Platform Engineering (#Cloud). It re-INVENTS how industries discover, build, operate, innovate, and grow. Chart shows example of this convergence in the Mexican context. As the world becomes increasingly digitized, and interconnected, AI stands as the cornerstone of this technological evolution. MEXICO. #cloud. #personalization #applications re-write Very large microeconomic disruption in Mexican Digital Market/ Industries (#FinancialServices, #Retail, #FMCG, #HealthCare, #Education, #Mobility) driven by several factors: 1-. Massive third-party, large scale data centers (#MSFT, #AWS, #Google) investment in Mexico (Queretaro, Tepoztlán) 2-. Increasing #financialinclusion driven by retailers, fintechs, #FMCG; 3-. #OpenFinance regulations determined by #BancodeMexico (Digital Push and Pull #Payments); 4-. #USMCA services trade agreement; and #generativeAI and #nearshoring enormous expenditure. Some stats on Mexican #Cloud Dynamic and Expansive Market (#Data, #Analytics, #GenerativeAI): * Revenue in the Mexican Public Cloud market is projected to reach US$4.00bn in 2023 * Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 17.8%, resulting in a market volume of US$7.69bn by 2027. * Revenue in Software as a Service generates externalities and network effects on #DigitalTransformation Strategies (Technology, Business Processes, Structural Reconfiguration, Talent Management Strategies, etc). *Data Centers in Mexico and total reconfiguration of the Industry in face of massive investment coming in. https://lnkd.in/gnxZBECg --> Mexican Digital Transformation Spotlight 2023: A focus on innovation and growth through #Data, #migrationtothecloud, #applicationtransformation, #processexcellence, #smartoperations. SEE CHART. #Data driven insights. #Personalization and #Automation of business propositions and processes --—> #ReWrite apps in Moving to the #Cloud, as the business model is completly being Re-Defined (i.e., to "choose" among 7Rs possibilities for apps cloud migration frameworks: Re-host the apps (traditional and “old-fashioned”), Re-platform, Re-purchase, Retain, Retire, Re-factor (Decomposing Monolithic to Microservices based ), and Re-Write the application ; ….). #CenterofGravity #alignment #changemanagement. SEE CHART. Summarizing: There is a shift in the business landscape with a #growth, #innovation and #transformation mindset. Mexico is part of this trend: its geographic location to the US (3,000 kms), the huge Spanish speaking population in the US (second largest Spanish speaking “country”), and the size of its population (130 million people living in Mexico). ——————————————— #whereiswally

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We’re proud to announce a significant #Data sharing agreement with the Inter-American Development Bank (IDB) under the Development Data Partnership (DDP). This new agreement provides the IDB with access to our 30m resolution #GlobalFloodMaps, available for every country across the world. This exciting development follows close on the heels of yesterday's well-received collaborative presentation by Alex Minett and representatives from the IDB, exploring how JBA’s Global Flood Maps are being utilised for #Resilient infrastructure in Latin America. A notable IDB project that is benefiting from this #Collaboration is a resilient water and sanitation infrastructure development in Peru’s Puno region. With access to JBA's Global Flood Maps, the IDB conducted detailed risk assessments that informed the design of #FloodResilient infrastructure which is set to transform the lives of over 500,000 residents in the region. Read more about this project: https://lnkd.in/eDGbakcz #ClimateResilience #DataForGood #PartnershipDay24 Lorena Cano Juliano Seabra Julia Vieira de Andrade Dias

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Check out our new research paper: Evaluation of the effect of fiscal policies on gender income gap in Central America, Panama, and the Dominican Republic. In this document, we go beyond the traditional approach, usually focused on wages, and address broader economic factors to achieve gender equity, such as taxes, pensions, and social assistance, as well as independent work and non-labor sources of income. For example, in Guatemala, Panama, and the Dominican Republic, social programs reduce gender income gaps at lower income levels. Read the full study: https://bit.ly/4aFQ4E7 Banco Interamericano de Desarrollo | Maria Cecilia Deza | Tatiana Andrea Gélvez Rubio | @Diana Gutiérrez Preciado | @Xavier Jara | David Rodríguez Guerrero, PhD | Francisco Javier Urra | Margarita Libby | Ignez Tristao | Katharina Falkner-Olmedo | Marta Ruiz Arranz | María José Jarquín | Rocio Medina-Bolivar

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Well done Inter-American Development Bank. Getting the unbanked closer to the financial system must be a national priority. At The Belize Bank Limited Financial Inclusion initiatives drive our strategy. #financialinclusionmeansyoutoo

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PwC Strategy& - Diez principios para el diseño organizacional Remaking your organization to align it with your strategy is a project that only the top executive of a company, division, or enterprise can lead. 1. Declare amnesty for the past. 2. Design with "DNA". 3. Fix the structure last, not first. 4. Make the most of top talent. 5. Focus on what you can control. 6. Promote accountability. 7. Benchmark sparingly, if at all. 8. Let the "lines and boxes" fit your company´s purpose. 9. Accentuate the informal. 10. Build on your strengths. PwC Perú #estrategia

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Please click on the link below to watch our monthly market & strategy update with Mayte Rico

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