Intelligence Series

Latest reports

ANNUAL CALENDAR

  • Electric Power
  • Mining
  • ICT
  • Banking
  • Infrastructure
  • Oil & Gas

DEC

2016

Electric Power Survey 2017

JAN

2017

Country Overview: Colombia

Colombia

FEB

2017

Wind Power in Latin America

MAR

2017

Natural Gas Generation in Latin America

APR

2017

Country Overview: Argentina

Argentina

MAY

2017

Transmission in Latin America

DEC

2016

Mining Survey

JAN

2017

Country Overview: Ecuador

Ecuador

FEB

2017

Gold in Latin America

Regional

MAR

2017

Country Overview: Argentina

Argentina

APR

2017

Country Overview: Peru

Peru

MAY

2017

Copper in Latin America

Regional

JUN

2017

Country Overview: Mexico

Mexico

DEC

2016

Telecom Survey

JAN

2017

Role of data analysis solutions

FEB

2017

MVNOs

MAR

2017

Country overview: Argentina

Argentina

APR

2017

Country overview: Brazil

Brazil

MAY

2017

Latin America TV Segment

JUN

2017

Mexico overview

Mexico

JUL

2017

Chile overview

Chile

AUG

2017

Cloud Services

SEP

2017

Colombia overview

Colombia

DEC

2016

Banking Survey

JAN

2017

New Insurance Offerings in Latin America

FEB

2017

Banking Reform in Major Markets

MAR

2017

Country Overview: Argentina

Argentina

APR

2017

Corporate Governance

MAY

2017

Bond Markets in Latin America

JUN

2017

Country Overview: Brazil

Brazil

DEC

2016

Infrastructure Survey

JAN

2017

Airports in Latin America

FEB

2017

Water Management in Latin America

MAR

2017

Metros in Latin America

APR

2017

Country Overview: Brazil

Brazil

MAY

2017

Country Overview: Argentina

Argentina

JUN

2017

Country Overview: Mexico

Mexico

DEC

2016

Oil and Gas Survey

JAN

2017

Shale in Latin America

FEB

2017

Country Overview: Colombia

Colombia

MAR

2017

Country Overview: Venezuela

Venezuela

APR

2017

Pipeline Projects in Latin America

MAY

2017

Country Overview: Brazil

Brazil

JUN

2017

Country Overview: Argentina

Argentina

Mining Outlook 2017: Riding Out the Bottom
Argentina,Bolivia,...

By -

While 2017 is set to open with metal prices at significantly higher levels than a year earlier, persistent uncertainty around global economic growth is keeping many mining companies and investors in wait-and-see mode. Prices are not expected to rise much in 2017, but there is a hope that they will consolidate, forming a basis for the beginning of the end of the mining industry's spending freeze. Meantime, miners will continue to optimize operations and projects to increase productivity and improve economics. In Latin America, some countries are in a better position to improve their mining investment attractiveness than others.

Electric Power Outlook 2017: New Opportunities amid an Uneven Recovery
Argentina,Brazil,...

By -

Most outlooks cautiously predict that economies in Latin America and the Caribbean will begin to gradually pick up in 2017. This should provide a boost to electricity demand, which closely tracks the region's economic health, but the recovery is likely to be uneven, given that certain countries have fared far worse than others. Even as electricity consumption has cooled off in the last few years, activity in the Latin American power industry has not stagnated. The region is bringing new capacity online and expanding, sometimes belatedly, its electrical grids to accommodate the new generators. Renewable energy sources, wind and solar in particular, continue to break new ground and will likely be a major focus on the 2017 energy agenda's of many Latin American governments.

Infrastructure Outlook 2017: Large Projects, Welcoming Governments to Set Tone

By -

Various investment programs and the increasingly warm welcome given to the private sector through the perfecting of public-private partnership models will open up business opportunities in 2017 in Latin America that will be difficult for infrastructure companies to resist, especially in transport. This report looks at the major infrastructure markets in Latin America and highlights the major trends, opportunities and challenges the region faces in the sector in 2017.

Latin America Banking Outlook 2017: A Timid Recovery
Regional

Latin America Banking Outlook 2017: A Timid Recovery

By -

Following a decade of strong economic growth during which Latin American banks rapidly expanded lending to both companies and individuals, the region has faced a market slowdown in recent years. Economic and political crises pushed major markets Brazil and Argentina into recession in 2016, while the fall in global commodities prices has negatively affected raw materials exporters such as Chile, Colombia and Peru, contributing to a reduction in private investment and pressuring government spending. The weakening of local currencies against the dollar has also contributed to inflationary pressures in recent years in major Latin American markets. In general terms, Latin American banks have addressed this changing scenario well, taking measures to protect asset quality and reducing loan growth, particularly to higher-risk segments. Nevertheless, lower growth and increased provisioning requirements has pressured profitability levels. For 2017, expectations of a return to economic growth in Brazil and Argentina, a mild improvement in countries such as Colombia and Peru and falling inflationary pressures are fueling expectations of a timid recovery in credit growth for banks following a significant slowdown in 2016.

Oil & Gas Outlook 2017: A New Regulatory and Fiscal Approach
Regional

Oil & Gas Outlook 2017: A New Regulatory and Fiscal Approach

By -

Next year is expected to see the long-awaited rebalancing of the global oil market. Attempts by OPEC member countries to end the pumping craze that led to the collapse in prices in mid-2014, together with the projected drop next year in unconventional oil production in the US, could mark a turning point. There is thus a sense of moderate optimism in Latin America, although there will be marked differences according to the realities of each country. New governments and regulatory changes could have the biggest impact on the industry in Latin America in 2017.

Telecom Outlook 2017: All Aboard the Digital Transformation Bandwagon
Regional

Telecom Outlook 2017: All Aboard the Digital Transformation Bandwagon

By -

Although governments in Latin America are working hard to ensure universal access to the internet, it is striking to think that in the not too distant future there will be people in the region who have not yet been online, but will nevertheless work in environments where their tools or vehicles are connected. The precursors of this vision are already in place in Latin America, where operators already provide M2M platforms and 4G networks, and governments promote smart city initiatives. The exciting thing is that while it is existing internet coverage that makes the internet of things (IoT) possible, the new service possibilities give governments and operators even more reason to increase coverage. A lot of the developments expected in 2017 are geared towards that scenario. So while it was smartphones, "shared economy" services and Pokemon Go that shaped 2016, they are probably just a foretaste of the changes that the digital economy promises for 2017.

Will the New Government in Peru Provide Anticipated Boost to Transport PPPs?
Peru

Will the New Government in Peru Provide Anticipated Boost to Transport PPPs?

By -

Peru's new president, Pedro Pablo Kuczynski, has pledged to speed up investment in transport infrastructure in order to boost the country's economy. The government has set a goal of growing at least 5% in the coming years. The incorporation of private capital through public-private partnerships (PPP) is key to hitting infrastructure goals, as this report details.

Chile's Power Sector: Renewables Continue to Shine
Chile

Chile's Power Sector: Renewables Continue to Shine

By -

This report reviews recent events in the Chilean power market, including the continued growth of renewable energy sources, the revamped distributor tenders, and the transmission sector's overhaul.

Voluntary Retirement Savings Key to Combating LatAm Pension Crisis
Regional

Voluntary Retirement Savings Key to Combating LatAm Pension Crisis

By -

Pension systems in Latin America are mired in a severe crisis. Both public and individual capitalization, or defined contribution, systems have failed to respond to the effects of demographic changes and the large informal labor market in Latin America. The result is low pensions and a smaller number of over 65s receiving a pension at all, which has sparked protests and mounting criticism in many countries of the region. This report looks at how voluntary savings plans for retirement have developed in recent years and analyzes their prospects in several countries in the region. In addition, we will show how important these schemes can be in offsetting some of the shortfalls of pension systems in Latin America.

Peru's Telecom Vision Takes Shape
Peru

Peru's Telecom Vision Takes Shape

By -

Peru has an ambitious national backbone program (RDNFO) that reached a major milestone in July this year. The country can now focus on the next phase, building capillarity off this backbone into provincial cities. Furthermore, the long-term vision built into this program means the new President, Pedro Pablo Kuczynski, can dedicate planning efforts more to content and services. The first step in this direction was the decision by the new administration to create the position of ICT minister within the Transport and Communications Ministry (MTC). This report takes a look at the ongoing development of the Peruvian telecom market and its chances of attaining the same level as the most advanced of its neighbors.

Mining in Brazil: New Government Aims to Spur Investment
Brazil

Mining in Brazil: New Government Aims to Spur Investment

By -

Things are looking up for Brazil's mining industry. Iron ore and other metal prices have risen in 2016 and a level of stability is returning to the country now that Michel Temer has officially taken over the presidency. The new government is keen to reform the mining framework and in the meantime, attract investment with bidding processes - a new way of doing things in the country's mining sector. Near term challenges include the outcry over last year's Samarco tailings dam disaster and possible relapses in prices, particularly for iron ore.

Unconventional Resources Give Life to Hydrocarbons in Chile
Chile

Unconventional Resources Give Life to Hydrocarbons in Chile

By -

The Chilean oil and gas industry is entering a new phase. State oil firm Enap is developing unconventional hydrocarbon reserves in the south of Chile along with new partners with extensive experience in the field. Read the report to understand the state of E&P in Chile.

The Ups and Downs of Frontier Oil Regions: Uruguay, Cuba, Guyana, Paraguay
Cuba,Guyana,...

The Ups and Downs of Frontier Oil Regions: Uruguay, Cuba, Guyana, Paraguay

By -

Most of the attention of the region in oil is on the traditional producers like Venezuela, Mexico and Brazil. But there are a handful of smaller countries with considerable potential that have attracted the attention of major oil companies. Read this report to find out what is happening in these so-called frontier areas.

Chile's Concessions Model Losing its Shine
Chile

Chile's Concessions Model Losing its Shine

By -

Reforms that are yet to materialize and a shortage of projects are making Chile less attractive compared with neighbors in the region that in recent years have made large strides in developing PPP institutions, especially Peru, Colombia, Mexico and Brazil. The PPP or concessions portfolio for transport projects in Chile needs updating, and there has been a failure to identify new areas. Read this report to understand the state of Chile's infrastructure, and what to expect in the years ahead.

Reinventing Productivity
Chile,Mexico,...

Reinventing Productivity

By -

Productivity is now widely identified as the most pressing challenge facing mining companies. Although many have made some good initial gains, the industry must now embark on more transformational change to embed long-term productivity mechanisms that will remain sustainable in time. There is still progress to be made in improving maintenance and equipment availability, while a greater focus on technological innovation - such as leaching of low-grade primary sulfide ore - is necessary. The main challenge: transforming company culture.

Brazil's Electric Power Sector: How will it Emerge from the Crisis?
Brazil

Brazil's Electric Power Sector: How will it Emerge from the Crisis?

By -

Brazil's electric power sector faces one of the most difficult and complex situations it has seen in recent decades, the result of high tariffs for regulated clients, a fall in spot prices, the oversupply of electricity, financial problems among operators, and high levels of political uncertainty. The outlook is far from encouraging in the medium term, although there is certainty in one area: there will be no return to the way things were before.

Chilean Banks: Lower Growth Pressures Profitability, but Underlying Stability Intact
Chile

Chilean Banks: Lower Growth Pressures Profitability, but Underlying Stability Intact

By -

Chile's banking sector stands out in many respects among its peers in the region. A strong and stable economy, effective regulation, and competition between banks has enabled the development of one of the most sophisticated, highly penetrated and dynamic financial sectors in Latin America. Nevertheless, the operating environment faced by banks is undoubtedly more challenging in 2016 compared to recent years, amid a slowdown in economic growth which has required backs to become more conservative in loan origination and take measures to protect proftability levels. In this report, BNamericas provides an overview of key loan growth, asset quality, profitability and M&A trends in Chile's banking sector, as well as a review of other key issues such as new regulations and financial inclusion.

Colombia: From Turmoil Comes Adaptability
Colombia

Colombia: From Turmoil Comes Adaptability

By -

With news of the Colombian government's proposed peace agreement with rebel groups taking center stage this month, it is easy to forget that the country has racked up a number of striking achievements in ICT matters over the last few years despite having to dedicate resources to this thorny political issue. Cities like Bogotá and Medellín have become reference cases for smart city initiatives, and the government's 2010-14 digital agenda earned international acclaim. The country scores well in regional ICT rankings and comparisons, but still recognizes that there is work to be done on many fronts, and efforts to revamp the digital agenda take it into ever more detailed and niche-orientated initiatives, such as development of sector-specific solutions. Some problem areas remain, such as curbing América Móvil's market dominance and bringing services to neglected areas, but the government has shown that if one strategy fails to get results it is prepared to sit down and rethink the strategy.

Solar Set to Surge in Latin America
Regional

Solar Set to Surge in Latin America

By -

Solar power's growth has been rapid in the last two years across the globe, and change has been swift in Latin America too. Chile has added about 1GW of solar power in the last 12 months and has proved the energy source can be cost-competitive against conventional electricity options. This is not only the case in Chile: recent auctions across the region have shown remarkably low prices for solar, prices that were unthinkable just a few years ago. This report assesses the state of solar power in the region today and gets to the heart of why prices have dropped so low, while also offering a roadmap of where we are headed.

Banking in Peru: After Slowdown, Loan Portfolios Poised for Growth
Peru

Banking in Peru: After Slowdown, Loan Portfolios Poised for Growth

By -

In this report we analyze why credit growth has been slowing and the prospects for recuperation in the coming years in Peru. In addition, we look at the levels of bank profitability and future expectations. We also look at how important programs to expand financial inclusion will be in boosting the potential customer base of banks.