Strategic analyses on institutional frameworks, the economy, and development published in specialized media.
Central American leaders constantly talk about integration: trade and customs reform, as well as logistics and infrastructure. But the region’s next concrete step forward could come from something more subtle: reducing the cost of capital by harmonizing the rules and procedures that determine the costs of public borrowing and the way markets assess regional risk.
In previous installments of this series, we examined how inflation acts as a hidden tax that makes money more expensive, and we broke down the components of equity, debt, and the weighted average cost of capital (WACC).
Transition to an individual account-based system in Paraguay's pension system
The first three installments examined the Yacyretá Binational Entity as a strategic, binational project: its origins in 1973, its partial operation through 2011, the tariff disparities, and the technical and environmental impact of a dam that has yet to reach its full design capacity. With 3,200 MW of installed capacity and millions in cross-debts, the project remains incomplete. In this installment, we address the core of the problem: the financial maze that determines its future.
Inheritable pension balance and elimination of the government’s residual liability under the pay-as-you-go system
Architect of Latin American economic development.
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