Miguel Siliceo
Miguel Siliceo
Speaker
Head of Investment Unit

Ministry of Finance Mexico

Mexico

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February 27, 2024 1:55 PM - 2:40 PM
Plenary

Unmasking Profit: State of the market for Latin American Project Finance

Justin DeAngelis
Partner, Global Head Sustainable Infrastructure (Equity & Credit),
Denham Capital
Miguel Siliceo
Head of Investment Unit,
Ministry of Finance Mexico
Juan C. Cañizares
Vice President,
Prudential Private Capital
Javier Amaya
Director – Energy, Resources, and Infrastructure,
BNP Paribas
Alejandro Moreno
Chief Development Officer,
Recurrent Energy
Moderator
Fradyn Suarez
Partner,
King & Spalding

Alternative investors, inflation, and impacts on the existing commercial lending market have shifted the attitude and risk appetites for many investors in the region. Renewing confidence and a bright landscape for 2024 is imperative for developers and financiers alike - what major themes and trends shaped the region in the last 12 months, and what can we expect from the next 12? 

  • How are lenders and equity funds responding to the current inflation and interest rates in this region? 

  • How have investors approached the heightened interest rate environment? Are increased base rates cannibalizing spreads, and to what extent are investors able to pass on equity?

  • How has the lack of clarity on government support affected deal flow around renewables? 

  • Increased exposure to local currency risk and its effect on investor appetites 

February 28, 2024 5:10 PM - 5:50 PM

Plenary Room

Trade & Export Finance

Keynote panel: The borrowers' bonanza

Miguel Siliceo
Head of Investment Unit,
Ministry of Finance Mexico
Patricia Holzmann
Director Strategic Ventures,
Mitsubishi Power Americas
Moderator
Joan Tapia
Head of Latin America Caribbean Export Agency Finance,
JP Morgan

Despite a slow few years, the borrowing market in the Americas is on the up. In H1 of 2023 alone, TXF Data reported $15.17 billion in export finance volumes across North and Latin America. As Capex slowly returns to the market, this panel considers:

•  Which Americas borrowers are actively seeking ECA finance?

•  What do our borrowers require from ECAs and financiers to get projects over the line?

•  What opportunities does nearshoring offer to Latin American countries, and what projects should we expect to see coming to market as a result of the trend?

•  How are borrowers coping with the high cost of funds in today’s market?