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Under President Mauricio Macri, Argentina’s foreign policy has undergone a fundamental turnaround. Following years of left-populist politics under Néstor Kirchner and Cristina Fernández de Kirchner, who allied with other regional populist governments and often clashed with global powers such as the US and the UK, President Macri has since...

After the adoption of more market-friendly policies, Argentina’s banking sector has gradually begun to show signs of a return to positive growth. Since 2015 the government has been undertaking a number of reforms aimed at boosting investor confidence in the sector, increasing financial intermediation and improving the overall health of the...

Despite a turbulent few months across many emerging markets in mid-2018, Argentina is pushing ahead with growth-oriented capital markets reform, supported by a strategically important index reclassification and record-breaking international development financing.

The decision by the Argentine government in May 2018 to seek financial support from the IMF was a stark reminder of the early 2000s, from which the country had appeared to have been successfully recovering in recent years. The recourse to the IMF, which granted the country a loan of $50bn the following month, was sparked by a run on the Argentine peso that reduced the value of...

With an average growth rate of 5.9% over the past decade, Peru’s economy has consistently outperformed most regional neighbours. Politically, the country has recently emerged from a period of instability and security concerns to rank among the top investment destinations in the developing world. That said, corruption continues to be a concern...

Peru has had several so-called tax reforms over recent years. One could argue, however, that this has not been the case. During the Ollanta Humala administration, the progressive reduction of the income tax for businesses was enacted from the 30% rate that was in force until 2014, to 26% in 2019, going through 28% and 27% in between....