Financial and Banking News

Mexican Reticence Prevents Major Cartagena Announcement 

As a result of Mexico's involvement in major debt negotiations in Washington, last week's meeting of the Cartagena group (Mexico, Venezuela, Colombia, Brazil, Argentina and Uruguay) in Uruguay in the end failed to come out with the expected hard-line statement on interest-rate capping. The Mexicans argued that their own position would be compromised by any strong statements at the present time...