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Brazil has seen plenty of political uncertainty the past year. Here the Brazilian congress in Brasilia. (Photo: Brazil Government)
Monday, December 11, 2017

Latin America Business: Best Quotes

The best quotes of the year in Latin America business.



The editorial staff of Latinvex selects the best quotes of the year relating to Latin America business. For the best quotes on Trump & NAFTA, click here.


“House of Cards on acid."
Steve Jacobs, chief executive of the asset management arm of BTG Pactual, on Brazil's political twists and turns, as quoted by the Financial Times, June 18, 2017.

“During the Argentine crisis, if you gave me the keys to the Argentine Finance Ministry, I could have solved the problem in 60 days. If you gave me the keys to Venezuela’s Finance Ministry, I’d hand them back to you.”
Robert Koenigsberger, who oversees $6 billion as chief investment officer at Greenwich, Connecticut-based Gramercy Funds Management, as quoted by Bloomberg, Nov. 6, 2017.

"AMLO's chances increase with every tweet from President Trump that offends Mexico or Mexican immigrants in the United States." 
Cynthia Arnson, Director of the Latin American Program at the Woodrow Wilson International Center for Scholars, in Latinvex, March 29, 2017, referring to the growing chances of leftist politician Andrés Manuel López Obrador (AMLO) winning next year's Mexican presidential elections.

"Pemex continues to be run more like a ministry than an oil company. The CEO position is like a stopping point to collect a few new bullet points on your CV before moving on to your next ministry. It continues to be a quasi-political job."
Tim Samples, a law professor and Mexican-energy analyst at the University of Georgia in Athens, on the news that Pemex just named its third CEO in two years, as quoted by Bloomberg, November 27, 2017.

"It's Maduro being a clown. This has no credibility." 
Venezuelan opposition lawmaker and economist Angel Alvarado on plans by President Nicolas Maduro to launch a digital currency, as quoted by Reuters, December 3, 2017

 “Corruption conspires against growth. What do you prefer? To build a bridge that costs three times what it should or not build a bridge? Not build a bridge.”
Alberto Ramos, chief Latin America economist at Goldman Sachs, on the fallout from the Odebrecht graft scandal, quoted by Bloomberg, March 13, 2017.

"Venezuela's debt default is the Chronicle of a Death Foretold."  
Venezuelan economist Moises Naim, as quoted by Portafolio, November 14, 2017.

"The damage it causes pales in comparison to the ills it cures."
Marcos Troyjo, director of BRICLab at Columbia University, writing in the Financial Times, August 17, 2017 on the impact from the Lava Jato probe into Petrobras corruption.

"To have countries with their own distinct corruption issues laughing at our current issues—it’s embarrassing.”

Jessica Tillipman, an expert on government ethics and an assistant dean at the George Washing­ton University Law School, explaining a recent anti-­corruption training in Washington, DC, to visiting bureaucrats from Latin America, as quoted by Mother Jones, July/August 2017.

"Is this president trying to impersonate Hugo Chavez?"
CNN’s senior media correspondent Brian Stelter on Reliable Sources, July 2, 2017, commenting on Donald Trump's Tweet with an edited video showing him beating a wrestler with a CNN logo superimposed onto his face.

"The reform agenda belongs to the country, not to a president." 
José Berenguer, the CEO of JPMorgan Chase & Co's Brazilian unit, on the outlook for reforms despite uncertainty around President Michel Temer, as quoted by Reuters, May 30, 2017.




CEO of the Year: Pedro Parente, Petrobras

Latin America Business: Best in 2017

Latin America Business: Worst in 2017

NAFTA & Trump: Best Quotes

Latin America Business: Best Quotes