LONDON, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Throughout the 1970s and 1980s, Latin America experienced a period of significant political and economic turmoil.
The multinational bank Bladex was founded during that tumultuous period and has spent the past four decades working to promote foreign trade and regional integration across Latin America.
In an exclusive video interview with World Finance on the company’s 40th anniversary, Bladex CEO N Gabriel Tolchinsky said the last few years have brought several new challenges for international trade, including strained relationships with the US. For this reason, Latin America must diversify its trade channels, which includes boosting trade within its borders.
“Right now, trade among Latin nations represents about 16 percent of the overall trade that Latin America does. We expect that to grow to around 23 percent, but we need it to be more than just trading in commodities, and start providing value-added from one country to the next,” Tolchinsky said.
In a second interview, Tolchinsky outlined the main trends to watch out for in the region’s three biggest economies: Brazil, Mexico and Argentina. Although each of these countries has recently experienced a period of volatility due to political upheaval and economic uncertainty, from a trade perspective they each offer a unique opportunity.
In a further conversation with World Finance, Tolchinsky explains in more detail the prospects for trade in the current economic climate. Uncertainty, Tolchinsky says, creates opportunity. “It is in these turbulent times that Bladex excels,” he explained.
As the first Latin American bank to be listed on the New York Stock Exchange and the first to obtain an investment grade, Bladex has proven its expertise on a global stage. To find out more about Bladex’s leadership in the Latin American market, check out World Finance’s exclusive interviews with CEO N Gabriel Tolchinsky at www.worldfinance.com.
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