If counted as a single nation, the four countries of the Pacific Alliance — Colombia, Chile, Peru and Mexico — would be the world’s sixth-largest economy. For that reason, it’s no surprise that many financial institutions are beginning to turn their attention to this crucial trade bloc. But one international bank has had a longstanding presence in Latin America, and has built deep knowledge and expertise in key sectors — mining, infrastructure, power and utilities, energy — important to these countries.
Scotiabank has long been in the unique position of being onshore in each of the Pacific Alliance countries. Now the bank is continuing to build out its platform to better serve both outbound local clients and inbound international clients to help them grow their businesses within the LatAm region or across the globe. This powerful combination of global coverage, local expertise and access to international markets makes Scotiabank a leading financial partner in Latin America.
Pacific Alliance countries are turning to infrastructure spending (on roads, power and utilities, telecoms) to boost their economies, highlighted by Peru ($2 billion in announced projects for 2017) and Colombia (spending on roads to help the construction sector). These well-timed capital injections are possible because of Scotiabank’s experience structuring complex transactions via its full-service advisory, finance and capital markets platform for global clients. (www.bloomberg.com)