One of the first projects BBVA Compass pursued after the bank made its $11 billion commitment to low- to moderate-income communities in late 2014 has come online and put 128 low-income Austin families in green homes zoned to some of the area’s best schools.
Women still have a long way to go in Latin America and data is the key to driving social policies than will put an end to inequality. This was the principal conclusion reached by the Fundación Microfinanzas BBVA, (Microfinance Foundation BBVA) during its participation in CSW61, the largest United Nations meeting on gender inequality and the empowerment of women.
The economic slowdown in Latin America will come to an end this year, with a 1.1% growth rate in the region. Forecasts by BBVA Research estimate that in 2018, the region´s economy will continue to recover, with GDP expanding at the rate of 1.8%. This is still well below its potential, which is estimated at close to 3%.
After the chemical weapons attack on Syrian civilian population, the US launched its first military strike against the Assad regime sending a clearer message to Syria and North Korea. However, it is still early to know whether this is a tactical message or part of a broader strategy. Europe and Asia kept with low conflict levels, while in North Africa, instability rose.
For more information, please visit BBVA Research’s website
The Chairman of the Spanish National Securities Market Commission (CNMV) has completed a round of meetings in the City of London to explain the measures adopted to facilitate the arrival of international firms to Spain. Also, the supervisory body of the Spanish financial markets recently announced four strategic lines for the next two years. The plan is aimed at yielding a more efficient, transparent, responsive and modern supervisor, a more attractive and appealing Spanish market, and better informed, educated and protected investors.
BBVA Compass’ investment in a newly constructed affordable housing project in Fort Worth was held up as a model of public and private cooperation last week during a VIP tour of the facility.
BBVA Compass is relying on a variety of vehicles -- including $16.3 million in federal Low-Income Housing Tax Credit equity, a $17.2 million construction loan, $5.7 million in permanent debt, $1.2 million from the City of Fort Worth and $700,000 from the City of Fort Worth Housing Finance Corporation -- to finance the 140-unit development known as Columbia at Renaissance Square.
The debates about potential impact of ageing for institutions and economies, the fiscal sustainability of the pension and welfare systems are based on a convention that was established one century ago: the definition of 65 years as the fixed threshold at which old age and economic dependency begins.
Today we celebrate International Mobile Phone Day in commemoration of the device that has become an essential part of our lives, profoundly changing society and the way we communicate.
We live with cell phones, but… Do we really know how to coexist with cell phones? Are we aware of all the information we put in our cell phones? Are we prepared to use them without compromising our security?
After the positive surprise of growth in Q3 2016 (+2% y-o-y) and the developments that took place in the final months of the year, we expect GDP for 2016, which will be disclosed in May, to close at about 1.2%, finally pulling out of the stagnation of recent years, and leaving a positive momentum for 2017.