Torino Capital, LLC HomepageTorino Capital, LLC

English

Bolivia Burns Through Its Special Drawing Rights, IMF Data Show

Bolivia Burns Through Its Special Drawing Rights, IMF Data Show

“The landscape is unsettling because there’s a crisis of confidence in the government’s capacity to sustain the exchange rate,” said Luis Gerardo Prato, a senior economist at Torino Capital.”

Bloomberg, April 06, 2023 – EEUU

Bolivians queue for dollars as crisis of confidence spreads

Bolivians queue for dollars as crisis of confidence spreads

“The government has some short-term possibilities to access liquidity, such as selling IMF SDRs [reserve assets] or speeding up loans from multilateral lenders, but the biggest challenge is the fiscal deficit, which will be 6.5% this year said Luis Prato, senior economist at Torino Capital in New York”

Finalcial Times, March 17, 2023 – EEUU

El Salvador dodges default but still faces funding squeeze

El Salvador dodges default but still faces funding squeeze

“The risk of the unsustainability of its sovereign debt persists in the context of insufficient dollar reserves and limited domestic borrowing possibilities, all of which would increase the probability of a sovereign debt restructuring after the 2024 general elections.”

Globalcapital, January 26, 2023 – EEUU

Bolivian central bank wants to become sole buyer of gold

Bolivian central bank wants to become sole buyer of gold

“Fabiano Borsato, COO of New York- based investment bank and Broker Dealer Torino Capital, says Bolivia’s current economic policy relies on heavy deficit spending. The fiscal deficit had reached 9.7% of GDP in 2020.″

Central Banking, Jun 29, 2022 – EEUU