With an extensive background in Venezuelan banking and finance, Julio M. Herrera Velutini leads a Puerto Rico-headquartered financial entity governed by U.S. banking regulations. Internationally focused, Julio M. Herrera Velutini maintains a strong interest in financial developments throughout Latin America. A recent article by the director of the International Monetary Fund’s Western Hemisphere Department drew attention to global financial market and economic trends that present significant opportunities for Latin America. With commodity prices strengthening, countries such as Brazil, Ecuador, and Argentina are finally emerging from recession. One outcome in 2017 was that region-wide growth exceeded projections and ended at 1.3 percent for the year. According to the IMF forecast, export-driven growth should continue to accelerate throughout 2018, with many countries gaining room for monetary-easing policies. With the economic strength of Central America, Mexico, and much of the Caribbean tied closely to the United States, analysts are closely watching Wall Street and policy movements in Washington, D.C. One major question is whether Venezuela can turn the corner and once again leverage the power of its commodity resources toward sustained growth.
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AuthorMr. Velutini has experience with both established banks and young banks. S Archives
December 2017
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