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After Brazil (51% negative) and Colombia (20%), Fitch Ratings has assigned negative outlooks to 19% of corporates in Chile, 12% in Peru, 9% in Mexico, and 6% in Argentina.

Pacific Exploration is showing signs of recovery, but it still has a long way to go to get back to its performance levels in earlier years.

The 2016 total was more than half a billion dollars above the $5.2 billion USD reported in 2015 and puts the industry second in terms of foreign revenue generation after the oil sector.

Alex Johnson of GFC Media Group called the event "a must-attend for anyone wanting to meet and do business with the region’s senior-level market makers."

The Florence-based pharmaceutical firm formally inaugurated its new office in Bogotá on March 9 at the Italian Embassy.

"Signs for an improvement in credit metrics are slowly emerging for corporates across Latin America following a tough year during 2016," said Jay Djemal of Fitch Ratings.

Some 60 speakers, including Juan Jose Echavarría of Colombia and José Olivares of Peru, will gather to discuss economic growth forecasts and upcoming infrastructure investments.

"For anybody who wants to promote protection, I suggest they read an economic history of the 1930s," said Peruvian President Kuczynski.

With more planes heading from Spain to Bogotá, Cali, and Medellín, Avianca will now be offering 35 flights per week between the two countries.

In terms of large Latin American economies, Peru and Colombia are the only two countries currently projected for growth of 3.0% or more in 2017.