Miguel Siliceo
Miguel Siliceo
Speaker
Head of Investment Unit

Ministry of Finance Mexico

Mexico

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Plenary

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

Justin DeAngelis
Partner, Co-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 Suárez
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 

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
Executive Director,
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?