Brazil, Ecuador Empower Female Entrepreneurship

A roundup of Thursday’s news from across Latin America

Bloomberg Línea
March 25, 2022 | 02:40 AM

Bloomberg Línea — A study by Mastercard reveals that the percentage of women who became entrepreneurs in Latin America increased over the last year, and that Brazil is the country that most favored women entrepreneurs in the region.

Ecuador’s largest bank, Banco Pichincha, has issued a $100 million gender social bond to finance the growth of the portfolio of micro, small and medium-sized enterprises led by women, the first issue of its kind to be made in the domestic securities market.

On the stock markets, Chile’s stock market recovered from the setback it showed in the last two sessions and registered the best performance in Latin America. Its main index, the IPSA (IPSA), gained 2.34%.

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The energy, commodities and IT sectors showed the best performance during the day, with gains of over 3%, with the shares of Itaú Corpbanca (ITAUCORP), Empresas CMPC (CMPC) and copper miner Copec (COPEC) posting the sharpest hikes.

Following is a roundup of Thursday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.

Argentina:

Brazil:

Colombia:

Costa Rica:

Dominican Republic:

Ecuador:

El Salvador:

Guatemala:

Mexico:

Peru:

  • The U.S. dollar appreciated against the Peruvian sol in the second week of March, after the sol had positioned itself as one of the best performing currencies globally. Experts explain the reasons and outlook for the local currency.

Venezuela: