Latest reports from Brazil suggest that the economy’s growth is reaching sustainable levels in Latin America. Inflation is expected to end above centre of the government target, but despite this growth the market seems to be maintaining a sustainable pace and not overheating. The first Quarter of this year has seen the biggest economy growth since 1996 when the government implemented its current methodology. Growth is fantastic for the economy but fears among the consumer of increasing prices and security threats have lead to the meetings of some of the continents leading names in finance in Latin America.
The Growth seen has boosted the countries ranking within the global arena and has allowed there voice to be heard in negotiations over economic and financial reform. Over 50 leading executives from the finance industry including Banco Azteca - Juan Arevalo, CIO, Banco Santander Brazil - Claudio Prado, CIO, HSBC Mexico - Ignacio Vera, CIO, Standard Bank - Stuart Pallant, CIO for Americas, will be meeting at the FST LA summit to discuss how to maintain sustainable growth and how playing with the ‘big boys’ will affect the way they do business.
Europe, Asia and the U.S. still recovering from the global crash many economies across Latin America have rebounded. The demand for Latin America commodities such as Mexico’s oil, Chile’s copper and Brazils Iron Ore means that economists predict a period of sustained growth. On Tuesday Brazil revealed the biggest economy growth since 1996 when the government implemented its current methodology in the first quarter of this year of 9%. At last Latin America is having their voice heard and finding themselves with a greater persuasive power.
Where Latin America has differed from other countries is there debt management while enjoying the political and global positioning the have paid back $15.5 billion over the last 5 years and last year agreed to purchase $10 billion in IMF bonds to help it finance programmes. Latin America is now even offering advice to Europe suggesting that the continent adopts reform to enhance productivity and competitiveness.
Attendees to the latest FST LA summit will be discussing the latest in technology trends and investment opportunities to ensure continuous, but more importantly safe growth, it seems that governments and industry leaders have at last learnt the lessons from the economic crash. With the increased pressure that comes hand in hand with success within a global market it has become crucial for financial services to be implemented through efficient process networks. Business Process Management’s systems have become increasingly vital for business operations, driving profits and removing bottlenecks. The right systems and management programs will be key to continue the success that Latin America is beginning to see.
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