financial architecture

BRICS and the new financial architecture

In October 2008, following the instability and uncertainty caused by the U.S. financial crisis, the central banks of Brazil and Argentina signed a payment agreement in local currency. This was later extended to Mercosur countries. Since then, this mechanism has been replicated and extended by the BRICS. This article will analyze the alternatives that have arisen due to the instability of the dollar and the sanctions imposed by the US on 26 countries. It is an alternative to using the dollar as a means of payment and as a reserve unit.

Autor:

Jennifer Montoya Madrigal

Carlos Madrid

OBELA

Palabras clave:

financial architecture

BRICS

Settelment Payment Systems

Financing for Latin America's energy transition

The energy transition in Latin America has the structural problem that has been dragging on in the region for ever: the lack of capital. To solve this, external financing has been the main driver of the change in the energy matrix.

The main financiers are the Export-Import Bank of China, the China Development Bank, the Inter-American Development Bank (IDB), the Development Bank of Latin America (CAF) and the U.S. Agency for International Development, in that order.

It should be noted that the Caribbean Basin is mainly financed by the USA and South America by China. Although the U.S. finances renewables more than dirty energy, in terms of amounts it does not compare with the Asian economy. External financing for renewables is vital for Latin America's energy transition. It should not be forgotten that Latin America is a disputed territory and the control of renewables is key.

Autor:

Carlos de León

Palabras clave:

energy matrix

international finance

financial architecture

Formulario de búsqueda

Se encuentra usted aquí