LatinNews Regional Monitor: Brazil & Southern Cone - 31 March 2020

* According to the latest bulletin by a local think-tank Corporación de Investigación, Estudio y Desarrollo de la Seguridad Social (Ciedess), in March 2020, three of Chile’s five leading pension funds recorded contractions that exceed those seen during the peak of the 2008 financial crisis. The two highest risk funds recorded losses of 18.44% and 15.27%, which Ciedess attributes primarily to the downturn in global equity markets, while even the most conservative fund saw a 3.08% drop, which Ciedess correlates primarily with interest rate rises in local debt markets.

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