3. Credit Ratings
Argentina
B
With NEGATIVE Outlook
(7 November 2018)
Source: Fitch Ratings
Brazil
BB-
With STABLE Outlook
(3 August 2018)
Colombia
BBB
With STABLE Outlook
(4 December 2018)
Chile
A
With STABLE Outlook
(5 March 2019)
Mexico
BBB+
With NEGATIVE Outlook
(16 November 2018)
Peru
BBB+
With STABLE Outlook
(28 March 2019)
4. $37.31 $39.32 $43.32
$0.00
$20.00
$40.00
$60.00
January February March
Argentina
Exchange Rates
$3.65
$3.76
$3.92
$3.40
$3.60
$3.80
$4.00
January February March
Brazil
$3,106.50
$3,080.11
$3,188.74
$3,000.00
$3,100.00
$3,200.00
January February March
Colombia
$654.54 $654.63
$679.72
$610.00
$640.00
$670.00
$700.00
January February March
Chile
$19.11
$19.28
$19.43
$18.80
$19.00
$19.20
$19.40
$19.60
January February March
Mexico
$3.33
$3.30
$3.32
$3.28
$3.30
$3.32
$3.34
January February March
Peru
Source: Bloomberg, 2019.
*USD / PEN
*USD / MXN
*USD / CLP*USD / ARS
*USD / BRL
*USD / COP
5. Foreign Direct Investmet
$11,759
$3,260
$11,857
$0
$3,000
$6,000
$9,000
$12,000
2015 2016 2017
Argentina
$64,291 $57,999 $62,713
$0
$20,000
$40,000
$60,000
$80,000
2015 2016 2017
Brazil
$11,736
$13,849 $14,518
$0
$5,000
$10,000
$15,000
$20,000
2015 2016 2017
Colombia
$19,541
$11,163
$6,730
$0
$6,000
$12,000
$18,000
$24,000
2015 2016 2017
Chile
$34,858
$29,755 $29,695
$0
$10,000
$20,000
$30,000
$40,000
2015 2016 2017
Mexico
$8,272
$6,863 $6,769
$0
$3,000
$6,000
$9,000
2015 2016 2017
Peru
*U.S. Dollars at Current Prices in Millions
Source: United Nations Conference on Trade and Development, UNCTAD, 2019.
7. Source: Argentina, Brazil, Colombia, Chile, Mexico and Peru Central Banks, 2019.
49.30%
51.30%
54.70%
46.00%
48.00%
50.00%
52.00%
54.00%
56.00%
January February March
Argentina
Inflation Rate
3.78% 3.89%
4.58%
0.00%
2.00%
4.00%
6.00%
January February March
Brazil
3.15%
3.01%
3.21%
2.88%
2.96%
3.04%
3.12%
3.20%
3.28%
January February March
Colombia
1.80%
1.70%
2.00%
1.40%
1.60%
1.80%
2.00%
2.20%
January February March
Chile
4.37% 3.94% 4.00%
0.00%
1.50%
3.00%
4.50%
January February March
Mexico
2.13%
2.00%
2.24%
1.80%
2.00%
2.20%
2.40%
January February March
Peru
8. $66,811 $66,984
$72,803
$63,000
$66,000
$69,000
$72,000
$75,000
January February March
Argentina
International Reserves
$374,715
$376,984
$378,448
$370,000
$375,000
$380,000
January February March
Brazil
$49,209
$50,498
$51,261
$48,000
$49,000
$50,000
$51,000
$52,000
January February March
Colombia
$38,909
$38,714 $38,710
$38,550
$38,700
$38,850
$39,000
January February March
Chile
$175,156
$175,646
$176,466
$174,000
$175,000
$176,000
$177,000
January February March
Mexico
$62,380
$63,254 $63,091
$61,000
$62,000
$63,000
$64,000
January February March
Peru
*Million U.S. Dollars
*Million U.S. Dollars
*Million U.S. Dollars
*Million U.S. Dollars
*Million U.S. Dollars
*Million U.S. Dollars
Source: Argentina, Brazil, Colombia, Chile, Mexico and Peru Central Banks, 2019.
9. 36,326.00
34,485.80
33,466.03
32,000
33,000
34,000
35,000
36,000
37,000
January February March
Argentina
Stock Exchange
97,393.74
95,584.35 95,414.55
94,000
95,000
96,000
97,000
98,000
January February March
Brazil
1,447.01
1,508.27
1,587.74
1,350
1,400
1,450
1,500
1,550
1,600
January February March
Colombia
20,190.87
20,614.45
21,098.07
19,500
20,000
20,500
21,000
21,500
January February March
Peru
43,987.94
42,823.80
43,281.28
42,000
43,000
44,000
45,000
January February March
Mexico
5,405.61
5,287.54 5,259.41
5,000
5,200
5,400
5,600
January February March
Chile
*IPSA:IND
*MEXBOL:IND
*SPBLPGPT:IND
*MERVAL:IND
*IBOV:IND
*COLCAP:IND
Source: Bloomberg, 2019.
10. Transparency Index
Argentina
40
(Ranking 85)
Source: Corruption Perception Index by Transparency International (2018)
Brazil
35
(Ranking 105)
Colombia
36
(Ranking 99)
Chile
67
(Ranking 27)
Mexico
28
(Ranking 138)
Peru
35
(Ranking 105)
11. Country Presidents
Argentina
President: Mauricio Macri
Birth: 8 February 1959
In office since: 10 December 2015
Political Party: Propuesta Republicana
Brazil
President: Jair Bolsonaro
Birth: 21 March 1955
In office since: 1 January 2019
Political Party: PSL
Colombia
President: Iván Duque Márquez
Birth: 1 Agosto 1976
In office since: 7 Agosto 2018
Political Party: Centro Democrático
Chile
President: Sebastián Piñera E.
Birth: 1 December 1949
In office since: 11 March 2018
Political Party: Independent
Mexico
President: Andrés Manuel López O.
Birth: 13 November 1953
In office since: 1 December 2018
Political Party: Morena
Peru
President: Martín Vizcarra
Birth: 22 Marzo 1963
In office since: 23 March 2018
Political Party: Peruanos por el Kambio
14. Featured Content
China is becoming more Popular than the U.S. in many Latin American Countries
BY ANDRES OPPENHEIMER
The Trump administration has embarked on a major public relations offensive to counter China’s growing influence in
Latin America. But, so far, the U.S. effort is failing miserably.
Earlier this week, a new survey by the CADEM polling firm in Chile - one of the closest U.S. allies in Latin America -
showed that 77 percent of Chileans have a positive image of China, whereas only 61 percent have a positive image of
the United States.
The same is happening in several other Latin American countries. In Mexico, 57 percent of those polled have a favorable
view of China, compared with 43 percent who have a favorable view of the United States, according to a 2018
Latinobarómetro poll.
In Argentina, 51 percent see China favorably, compared with 45 percent who view the United States that way. In Peru,
China wins the public opinion race by 59 to 56 percent. In Venezuela, China is ahead by 63 percent to 62 percent, the
Latinobarómetro survey shows.
Granted, several other countries in the region, including Brazil, Colombia, and most Central American countries, still like
the United States better. But public support for the United States in the region is falling, after years of growing Latin
American trade ties with China.
China’s trade with Latin America has soared from $17 billion in 2002 to $306 billion last year, and China has already
become the top trading partner of Brazil, Chile, Peru and Uruguay.
15. Latin America Update
Why Fintech Startups are Rapidly Becoming Unicorns in Latin
America
Fintech was the #1 sector of venture capital investments in Latin
America last year, and experts are estimating that the LatAm
fintech market will exceed $150 billion by 2021. Why is this
market suddenly growing so rapidly? The answer lies within the
unique fintech startups that have sprouted throughout the region
in recent years.
Latin America is fed up with corruption. Leaders need to Face
the Reckoning.
As prosecutors and police officers explained they had an arrest
warrant, the former president excused himself to go call his
lawyer. He stepped into his bedroom. A single gunshot rang
out. Hours later, after an unsuccessful operation to try to save
him, he was pronounced dead.
Latin America: a Region Caught in Trading Crossfire
Alejandro Izquierdo, head of the Research Department at the
Inter-American Development Bank, says: “Latin America is
particularly vulnerable to the types of shocks or events that are
taking place.” The problem, says Izquierdo, is that many
policymakers maintained spending levels during the boom –
which ended in 2014 – because they thought it would last. “In
2007 just prior to the US financial crisis, the region was running,
on average, a 1% of GDP fiscal surplus, and now we are
somewhere in the neighbourhood of a 4% fiscal deficit.”
The Role of State-Owned Infrastructure Companies in the
Development of China’s Latin America Policy
Across Latin America, there are numerous examples of Chinese
state-owned EPC contractors taking over projects originally
awarded to Odebrecht . The development of this trend results
from a realization by these companies that the problems facing
Odebrecht as a result of Operation Car Wash, including the
payment of at least $3.5 billion in fines, presented a market
opening.
Mexican Banks face Revenues and Cost Squeeze
Mexican banks are facing a tougher-than-expected operating
environment in 2019. In February, the Mexican central bank
reported sequential credit growth of just 0.4%. The disappointing
result at the beginning of 2019, when bankers had been hoping to
see credit growth accelerating as the presidential election faded
from sight, was hampered by a -2.2% month-on-month fall in
government loans.
The Key to Regional Investment: Understanding Complexity
A new regional investment fund focused on technology startups
across Latin America is looking to take advantage of expectations
that the region is poised for robust economic growth.
16. Other Articles
Ways to Keep your Talented CPAs
Holding on to good people is a challenge, especially in the accounting profession, where the demand for skilled CPAs is
high. Thus, many firms have policies on the books allowing employees to control their own schedules.
Sweden: Europe's Historic, Current and Future Innovation Hub
Over the last decade, Sweden has established itself as an innovation center, becoming well known across traditional
tech circles as a hub of entrepreneurial activity.
Has Bitcoin Bottomed? Here’s How it Compares with Past Bubbles
Only four months ago, Bitcoin seemed on the verge of extinction as investors fled one of history’s biggest bubbles.
But after the steepest two-day rally since the height of crypto-mania in 2017, more and more market observers are
asking the same question: Has Bitcoin bottomed out?
Private Companies: Beware of SEC Scrutiny
The Securities and Exchange Commission is bringing case after case charging private companies and their executives
with fraud.
The Benefits of a Digitally Fit Risk Function
Companies with high-performing risk functions from a digital perspective — labelled in an annual global PwC’s survey
report as Dynamics — have a distinct advantage over those classified as Actives or Beginners.
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We work with management in supporting special, strategic or confidential projects. Our business model allows us to bring
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OUR OBJECTIVE: TO BECOME YOUR TRUSTED BUSINESS ADVISORS
Key Numbers Industries
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www.nuricumbo.com / contacto@nuricumbo.com
Armando Nuricumbo
Jorge Pulido
Miguel Amador
Guillermo Lagos
Former CFO
Former Investor Relations
Former Controller / Auditor
Former CEO
Jesus Bush
PWC. IPG. Bombardier. RGP.
25 years of experience.
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35 years of experience.
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For more information please write to contacto@nuricumbo.com
How we can help
Where is our Value
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Mayor información: contacto@nuricumbo.com / www.nuricumbo.com
23. Proyecto Florencia
Edificio de Oficinas
Información Financiera:
Ubicación: Florencia 65, Colonia Juárez, C.P. 06600
Cuauhtémoc, CDMX
Superficies: Terreno: 383.40 m2
Construcción: 5,110.59 m2
Rentable: 3,565.84 m2
Planta tipo: 247.32 m2
Rent-Roll: Ingreso mensual de MXN$368,000.00 más
I.V.A
Propietarios: 3 únicos dueños, motivo de salida cash out
herencia familiar
•Edificio de oficinas con 18 niveles de construcción que consta
de 2 sótanos de estacionamiento, planta baja, mezzanine con
uso de estacionamiento y 14 niveles de oficinas de 220 m2
subdivididos de distintas formas, mismas áreas se pueden
reubicar de acuerdo a necesidades del usuario. Todos los
niveles cuentan con servicios de baños.
•El uso de suelo por zonificación es Habitacional Mixto | 8
Niveles | 20% de superficie libre de construcción | Densidad Z
• Los giros permitidos con este uso son: vivienda plurifamiliar,
oficinas públicas y privadas, consultorios varios, hospitales
generales, de urgencias y de especialidades, universidades,
preparatorias, hoteles, entro otros más
•Se cuenta con dos elevadores con capacidad para 8 personas
y estacionamiento para 29 autos.
• El edificio se encuentra parcialmente rentado con contratos
anuales vigentes
•Se cuenta con dictamen de seguridad y estabilidad estructural
de fecha 17 de octubre de 2017 del DRO Ing. Carlos Innes
González, indica que el edificio no presenta problemas
estructurales que pongan en riesgo su estabilidad, y que se
encuentra apto para el uso actual que es mixto
•No se tienen adeudos pendientes ni avisos preventivos
Evaristo Pulido M.
Celular 5545111101
evaristo.pulido@nuricumbo.com
24. We care about your business priorities.
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