BofA Merrill Report is Upbeat on Prospects for Latin America
Latin America offers good business opportunities, with Mexico and Chile among the region’s countries singled out as particularly attractive locations in a report from Bank of America Merrill Lynch (BofA Merrill).
The latest edition of the annual report, entitled ‘Strategic Treasury for Latin America 2013’, is produced by BofA Merrill’s global transaction services business and identifies the opportunities, challenges and market variations that companies may encounter when doing business in the region.
“To outside companies looking to expand internationally, Latin America is a land of opportunity,” writes Juan Pablo Cuevas, BofA Merrill’s head of global transaction services for Latin American and the Caribbean, in the report’s introduction.
He suggests that despite recent events in Brazil, “by and large, the political instability that was once inherent in the region has given way to longer-term governments and longer-term planning as the region’s economies continue to grow.”
The report’s section on liquidity conditions states that Mexico is noted for being more liberal where liquidity management is concerned, while Chile is singled out as “an attractive business location for international corporations in light of its investment grade credit rating and stable democratic government.”
Check Lists for Corporates
The attractiveness of Latin America as a location for shared service centres (SSCs) is explored in a section that identifies the following characteristics:
An article that discusses prerequisites for companies expanding into the region recommends that they:
A section on trade and investment opportunities compares the region’s economies and discusses drivers of growth. Notable data points include:
“BofA Merrill is committed to supporting our clients’ continued development within Latin America,” said Cuevas. “We hope this report goes some way to helping companies understand the nature of the Latin America market so that they can take advantage of the region’s increasingly attractive opportunities.”