Mexico KPIs – August 2019

Cybersecurity
Challenges
August 2019
www.nuricumbo.com

Credit Ratings
Argentina
B
With NEGATIVE Outlook
(14 May 2019)
Source: Fitch Ratings
Brazil
BB-
With STABLE Outlook
(21 May 2019)
Colombia
BBB-
With NEGATIVE Outlook
(31 May 2019)
Chile
A
With STABLE Outlook
(5 March 2019)
Mexico
BBB
With STABLE Outlook
(5 June 2019)
Peru
BBB+
With STABLE Outlook
(28 March 2019)

$44.79 $42.48 $43.88
$0.00
$20.00
$40.00
$60.00
May June July
Argentina
Exchange Rates
$3.92 $3.85 $3.81
$0.00
$1.10
$2.20
$3.30
May June July
Brazil
$3,379.55 $3,211.36 $3,279.53
$0.00
$1,500.00
$3,000.00
$4,500.00
May June July
Colombia
$710.21 $678.73 $697.22
$0.00
$200.00
$400.00
$600.00
May June July
Chile
$19.62 $19.22 $19.19
$0.00
$10.00
$20.00
$30.00
May June July
Mexico
$3.38 $3.29 $3.30
$0.00
$1.00
$2.00
$3.00
$4.00
May June July
Peru
Source: Bloomberg, 2019.
*USD / PEN
*USD / MXN
*USD / CLP*USD / ARS
*USD / BRL
*USD / COP

Foreign Direct Investmet
$3,260
$11,517 12162
$0
$4,000
$8,000
$12,000
2016 2017 2018
Argentina
$52,751
$67,583 $61,223
$0
$30,000
$60,000
$90,000
2016 2017 2018
Brazil
$13,850 $13,836
$11,010
$0
$5,000
$10,000
$15,000
2016 2017 2018
Colombia
$11,942
$6,856 $7,160
$0
$4,000
$8,000
$12,000
2016 2017 2018
Chile
$30,865 $32,091 $31,604
$0
$12,000
$24,000
$36,000
2016 2017 2018
Mexico
$6,863 $6,769 $6,175
$0
$3,000
$6,000
$9,000
2016 2017 2018
Peru
*U.S. Dollars at Current Prices in Millions
Source: United Nations Conference on Trade and Development, UNCTAD, 2019.
$12,162

Competitiveness Ranking
Argentina
57.986
(Ranking 56)
Source: IMD Competitiveness Index 2018
Brazil
55.797
(Ranking 60)
Colombia
57.357
(Ranking 58)
Chile
75.107
(Ranking 35)
Mexico
63.733
(Ranking 51)
Peru
60.236
(Ranking 54)

Source: Argentina, Brazil, Colombia, Chile, Mexico and Peru Central Banks, 2019.
55.80% 57.30% 55.80%
0.00%
20.00%
40.00%
60.00%
80.00%
April May June
Argentina
Inflation Rate
4.94% 4.66%
3.37%
0.00%
1.50%
3.00%
4.50%
6.00%
April May June
Brazil
3.25% 3.31% 3.43%
0.00%
1.00%
2.00%
3.00%
4.00%
April May June
Colombia
2.00% 2.30% 2.30%
0.00%
1.00%
2.00%
3.00%
4.00%
April May June
Chile
4.41% 4.28% 3.95%
0.00%
1.50%
3.00%
4.50%
April May June
Mexico
2.59% 2.72%
2.29%
0.00%
0.90%
1.80%
2.70%
3.60%
April May June
Peru

$64,757 $64,123 $67,994
$0
$25,000
$50,000
$75,000
$100,000
May June July
Argentina
International Reserves
$384,165 $383,799 $386,162
$0
$120,000
$240,000
$360,000
$480,000
April May June
Brazil
$51,522 $51,975 $52,445
$0
$18,000
$36,000
$54,000
$72,000
April May June
Colombia
$38,259 $39,516 $40,233
$0
$13,000
$26,000
$39,000
$52,000
May June July
Chile
$178,291 $178,740 $178,921
$0
$60,000
$120,000
$180,000
$240,000
May June July
Mexico
$66,309 $66,513 $66,969
$0
$20,000
$40,000
$60,000
$80,000
May June July
Peru
*Million U.S. Dollars
Source: Argentina, Brazil, Colombia, Chile, Mexico and Peru Central Banks, 2019.

33,949.53
41,796.36 42,057.77
0
12,000
24,000
36,000
48,000
May June July
Argentina
Stock Exchange
97,030.32 100,967.20 101,812.10
0
30,000
60,000
90,000
120,000
May June July
Brazil
1,487.00 1,548.98 1,562.13
0
500
1,000
1,500
2,000
May June July
Colombia
19,922.77 20,622.79 19,957.26
0
7,000
14,000
21,000
28,000
May June July
Peru
42,749.16 43,161.17 40,863.09
0
15,000
30,000
45,000
60,000
May June July
Mexico
4,977.09 5,070.72 4,972.36
0
1,200
2,400
3,600
4,800
May June July
Chile
*IPSA:IND
*MEXBOL:IND
*SPBLPGPT:IND
*MERVAL:IND
*IBOV:IND
*COLCAP:IND
Source: Bloomberg, 2019.

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)

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

Upcoming Elections
Argentina
Presidential Elections: 2019
Term: 4 Years
Congress: 2019 (130 Deputies, 26 Senate)
Governors: 2019 (22 Governors)
Brazil
Term: 4 Years
Colombia
Term: 4 Years
Chile
Term: 4 Years
Mexico
Term: 6 Years
Governors: 2024 (President, 32 Governors)
Peru
Term: 5 Years
Congress: 2021 (130 Congressmen)

Featured Content
New Cyber Attack Trends Report Reveals That Digital Criminals Made Off With $45 Billion in 2018
A new report on cyber attack trends that combines information from a number of high-level sources has just been
released, and it reveals a startling amount of cyber crime growth. The report revealed that cyber crime became a $45
billion industry in 2018, up tens of billions of dollars from the previous year.
10 Cyber Security Best Practices for Your SMBs
Small and medium businesses often don’t provide much importance to cybersecurity, as most of them are of the opinion
that hackers only target enterprises and large organizations. But it is an incorrect notion, as according to a survey
conducted by the US Congressional Small Business Committee, it is estimated that adversaries have targeted more than
71 per cent of small and medium businesses. Hence, it becomes highly imperative for SMEs to enhance their
cybersecurity in order to protect their sensitive information.
Cybersecurity Forecast: Big Picture Challenges & Smart Solutions
Today, significant cybersecurity breaches have become so commonplace that it’s easy to gloss over headlines and move
on. But the attacks that quickly fade from the news cycle still leave a significant mark. McKinsey reports that 47 percent
of C-suite executives claim their company experienced a cyberattack. Of those affected, over a quarter rated the damage
as “high” or “severe.” Only 11 percent said the impact had “little or no effect.”
Why AI Is The Future Of Cybersecurity
61% of enterprises say they cannot detect breach attempts today without the use of AI technologies; 48% say their
budgets for AI in cybersecurity will increase by an average of 29% in Fiscal Year (FY) 2020; breach attempts are
proliferating with Cisco reporting that in 2018, they blocked seven trillion threats on behalf of their customers. These
and many other insights are from Capgemini’s “Reinventing Cybersecurity with Artificial Intelligence” Report indicating
that, as digital businesses grow, their risk of cyberattacks exponentially increases.

Latin America Update
BBVA and Fibra Uno sign Latin America’s First-ever
Sustainability-linked Revolving Credit Line
BBVA served as sole sustainable agent in the first syndicated
revolving credit facility in Latin America, signed with Fibra Uno, a
strategic client for the bank. The transaction is also the first
sustainable transaction by a real estate business in the region and
the first facility to be arranged in accordance with the
‘Sustainability-Linked Loan Principles’ in Latin America.
Presidential Terms in Latin America are like Potato Chips: you
can never Stop at One
Presidential candidates often come into power promising to
improve democracy or to change politics as they were; but once
sworn in, all-too-often they become intoxicated with the power
and swept up in the normal ways of doing business. And all-too-
often, they attempt to alter their country’s constitution to stay
there. Changing term limits has historically sparked protests and
controversy, and yet, the trend continues.
Tariffs Won’t Stop Chinese Influence in Latin America
enator Rick Scott’s claims that China’s growing influence in Latin
America represents a threat to the American way of life and
highlights the growing presence of Chinese firms, Beijing’s
financial and political support for the Maduro Regime in
Venezuela, and the expansion of Chinese financial agreements as
problems for the United States.
The Next Frontier in Latin America's Anti-Corruption Drive
It is hard to overstate the importance of international
collaboration for investigating corruption in Latin America. Simply
put, operations like Brazil’s Lava Jato would probably not have
existed without the information and technical assistance provided
by the U.S. or Switzerland—in particular, the sharing of intelligence
on financial crimes.
Goldman Sachs sets Its Sights on supporting Fintech Challengers
in Latin America
The bank's special situations group, which invests in and lends to
midsized firms, is looking to invest in fintechs across the region.
With over 1,100 fintech firms vying for a share of the region's
burgeoning population, Goldman is aiming to identify the most
promising ventures and provide them with the necessary financing
or equity to fuel their business. Here's what it means: Latin
America's huge unbanked population makes it fertile ground for
fintech — an opportunity Goldman's not alone in spotting.
Trade war threatens Instability and Deforestation in Latin
America
The latest round of tariff hikes in the ongoing US-China trade war
could have far-reaching impacts not only for big soy exporters
Brazil and Argentina but throughout Latin America. The region’s
initial opportunism is giving way to fears over instability and
slower global growth. On June 1 China suspended purchasing US
soy in an escalation of the trade spat. The world’s largest buyer
will look largely to Brazil to meet demand.

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Key Facts Industries
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For more information: www.nuricumbo.com
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KPMG DELOITTE. INTERPUBLIC BOMBARDIER +GF+ RGP KANDEO
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Our team can provide effective solutions to complex business problems. We can be deployed internationally for the time strictly
required by your project. High-quality, highly-efficient, cost-effective talent that creates value from the very first minute.
www.nuricumbo.com / contacto@nuricumbo.com
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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.
Bancomer. Grupo Mexico. TD.
Whirlpool. Banco Azteca.
EY. Smurfit. Maxcom. Devlyn.
3M. Imperial Chemical. IMEF
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Tax Partner
KPMG. Confies.
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AT&T Capital. CIT. Alta.
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NOM-035 Riesgos Psicosociales
contacto@nuricumbo.com / +52.55.5339.5829
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PARA CUMPLIR CON LA NOM-035 A
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incidir negativamente en el equilibrio
psicosocial de sus empleados.
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Mexico KPIs – August 2019

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