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LatAm oil-producing nations brace for record investor outflows on crude plunge- Nasdaq

Date: Apr 24, 2020

Capital flight from Latin America’s oil-producing nations is nearing record levels as the collapse in oil prices makes global investors even more risk averse during the coronavirus pandemic.

Equity and debt markets in Mexico, Brazil and Colombia have experienced historic outflows in recent weeks, while Ecuador, in particular, is exposed to a potentially ruinous fall in oil-related export and tax revenues.

To read the full article on Nasdaq, click here.