Results tagged as "latam"

  • Postcard from Paraguay

    By José Ignacio De Oteyza, Citi Country Officer, Paraguay April 04, 2017 11:30 AM

    Tell Us about Paraguay

    Official language: Guaraní (National Language) and Spanish. Paraguay is the only South American country that has two official languages, and the only country in Latin America where the indigenous language is one of the national languages - despite the fact that the majority of the population is not indigenous.

    Currency: Guaraní

    Population: 7,000,000

    Capital: Asunción

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  • Postcard from Costa Rica

    By Ed Sanchez, Citi Country Officer, Costa Rica November 15, 2016 10:00 AM

    Around the world, Citi Country Officers (CCOs) work to balance the execution of their country business strategy with their responsibilities ensuring the safety and soundness of the Citigroup franchise. Through this blog series, we are pleased to share perspectives from CCOs around the world, as well an insider’s look at the countries and cities where Citi operates.

    Tell Us About Costa Rica

    Official language: Spanish

    Currency: Colon

    Population: 4.8 million

    Capital: San Jose

    Weather: Tropical

    Best Places to Dine: Hotel Grano de Oro- Di Bartolo- L’il de France

    Favorite Local Beverage: Agua dulce, pipa y Cerveza Imperial

    Best Tourist Sites: Arenal Volcano- Guanacaste beaches- specially Flamingo, Tropical Rainforest

    What I Love About Costa Rica: ¨Pura Vida¨, its people and culture.

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  • Discussing ‘The Business Agenda’ at the Argentina Business and Investment Forum”

    By Alexandra Ravinet, Director of Corporate Communications, Citi Latin America September 22, 2016 04:00 PM

    Last week, Citi Latin America CEO Jane Fraser headed to Buenos Aires for the first-ever Argentina Business and Investment Forum. The forum was an important opportunity for the Argentinian government to reengage with the global investment and financial communities, as it gathered nearly 2,000 global investors, government leaders from around the world, and Fortune 500 CEOs from a variety of sectors for three days of discussions about the country’s economic future. Jane participated in a panel entitled “The Business Agenda,” alongside Argentina’s Secretary of Interministerial Coordination, Mario Quintana, and executives from Boeing, Lazard, Total E&P Americas and the Trevi Group.

    The panel, led by Gonzalo Lissarrague, President of Thomson Reuters’ Global Growth Organization, discussed and debated a number of critical issues potentially impacting Argentina’s dramatic economic transformation, while also delving deeper into the specific sorts of changes that global businesses are seeking in the country.

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  • The Panama Metro: A Monumental Step toward Accessible and Sustainable Mobility

    By Susana Garcia de Paredes, Relationship Manager, Corporate and Investment team and Public Sector Head of Citi Panama August 23, 2016 09:00 AM

    Most major cities around the world rely on efficient mass transit systems to ease traffic congestion and make commuting quicker, easier and more environmentally and socially sustainable. But until a few years ago, Panama City – with nearly two million residents – lacked a viable alternative to road transport.

    With more than 5,000 new cars driving onto Panama City’s streets every month, contributing to traffic delays and frustration for commuters, by 2009 the government of Panama had started developing plans to offer commuters a new mass transportation option. The Panama Metro was born.

    Before construction could begin, the government needed to find significant financing. That’s where Citi came in. Building on more than a century of history in Panama – including providing financial support for the construction of the Panama Canal – we chose to take part in this new initiative. Once again, we took on the role of strategic partner to the public sector, providing critical and strategic advice and that no one else could.

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  • Empowering Local NGOs in Brazil to Take Ownership of Their Progress

    By Sami Elia, Planning Analyst, Citi Commercial Bank, Brazil July 28, 2016 10:30 AM

    Citi supports many community giving programs in Brazil, but one that is truly unique is CitiEsperança, an organization established and now managed by Citi Brazil colleagues in 1997 in Rio de Janeiro to give back to the communities where they live and work. Supported by employee and company matching donations, the association has grown to close to 1,000 participants, including Citi colleagues and other donors.

    As someone with a lifelong interest in social issues and a passion for giving back to our communities shared by many of my Citi colleagues, I became a volunteer at CitiEsperança in 2013. It’s been incredibly stimulating work and an immensely gratifying program to take part in. In addition to solidifying the organization’s vision and creating a more formal governance structure, one of the projects I’m most personally proud of has been the development of Rede de Amigos do CitiEsperança, a network of Citi volunteers, partners and NGOs that meets bimonthly to share experiences and best practices in an effort help participating organizations learn from each other while strengthening the nonprofit sector more broadly.

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  • Jane Fraser on Leadership

    May 02, 2016 12:00 PM

    The Harvard Business School (HBS) Club of New York interviewed alumna and Citi Latin America CEO Jane Fraser on her successful career and affecting change in global companies for their "In the Spotlight" series. Jane, who is the recipient of this year's HBS Club of New York Leadership Award, discussed what it takes to lead on a global level, as well as her biggest challenges on the job. Read the Q&A with journalist and fellow alumna Chitra Nawbatt below.

    You’ve been in financial services for most of your career. Now you lead 23 countries in Latin America for Citigroup. What does it take to lead globally?

    I think it’s a combination of setting a context, courage and curiosity. So in terms of context-setting, you have to provide a vision for people, a sense of purpose, and setting the stage so they know what they should be doing and some of the decisions they should be making, how they should be innovating. Courage, because there are some tough calls, and at the end of the day, the buck stops with you and you’re the one that has to make them. And then in terms of curiosity, if you’re not asking lots of questions, and you’re not really engaging with people and you’re curious about the world, I think you miss a lot of different things.

    Your career has spanned Goldman Sachs, McKinsey, now Citigroup – large, political organizations. So where does that courage come in when you’re trying to affect change?

    I think the courage comes in just being brutally honest about who you are, what are some of the challenges you personally have faced, and being as authentic and real about yourself as possible, so that the people in the middle of the organization relate to you. Because, otherwise, if they’re not relating to you, that whole engine of the organization isn’t really trusting you and going in the direction that you’re trying to take the organization.

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  • Postcard from Honduras

    By Reina Irene Mejía, Citi Country Officer, Honduras March 29, 2016 12:00 PM

    Around the world, Citi Country Officers (CCOs) work to balance the execution of their country business strategy with their responsibilities to ensure the safety and soundness of the Citigroup franchise. Through this blog series, we are pleased to share perspectives from CCOs around the world, as well an insider’s look at the countries and cities where Citi operates.

    Tell Us about Honduras

    Official language: Spanish

    Currency: Lempira

    Population: 8,725,000

    Weather: We have only two seasons: dry and rainy. The rainy season begins in May and extends up to the month of July with a pause during the month of August, after which it usually resumes in September and runs up to November when the dry season begins. The dry season extends until the month of April or May. The high temperature across the country average is 32°C (90°F), while the low-temperature is 20°C (68°F).

    Honduran Cuisine/Best Places to Dine: Baleadas; nacatamales; carne asada; frijoles fritos, plátanos, cuajada, queso. Best places to dine: it depends what you want to taste and how much you want to spend. We have a variety of restaurants from typical food to high-end international plates.

    Favorite Local Beverage: Horchata (made from a seed/morro) and season’s fruit juices

    What I Love About Honduras: I love everything about my country, the people, the passion, the hospitality, the natural beauty and the fact that we can still enjoy nature at its best. I live in Tegucigalpa, the Capital of Honduras, and I love that the city is located in a valley, surrounded by mountains and its urban twin, Comayagüela, which are geologically separated by the basin of the Choluteca River which flows between them. The historic center of the town is filled with details that remind Hondurans of the days of our ancestors.

    Roatan was recently characterized as one of the most inviting islands in the world, with the second largest coral reef in the world and crystal clear, warm water that allows us to clearly see the wide variety of fish and marine fauna that live in the reefs. Roatan also provides an opportunity to meet the Garifuna people who settled on the island in the late 18th century, who gave our country and region the the traditional dance known as the “punta,” based on traditional West African rhythms imported to a number of Caribbean countries in addition to Honduras, including Belize, Guatemala, and parts of Nicaragua.

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  • Postcard from Ecuador

    By Elzbieta Czetwertynska, Citi Country Officer, Ecuador February 24, 2016 09:00 AM

    Around the world, Citi Country Officers (CCOs) work to balance the execution of their country business strategy with their responsibilities ensuring the safety and soundness of the Citigroup franchise. Through this blog series, we are pleased to share perspectives from CCOs around the world, as well an insider’s look at the countries and cities where Citi operates.

    Tell Us About Ecuador

    Official language: Spanish

    Currency: Dollars USD

    Population: 16.144 million

    Weather: There is great variety in the climate, largely determined by altitude. It is mild year-round in the mountain valleys, with a humid subtropical climate in coastal areas and rainforest in lowlands. The Pacific coastal area has a tropical climate with a severe rainy season. The climate in the Andean highlands is temperate and relatively dry, and the Amazon basin on the eastern side of the mountains shares the climate of other rainforest zones.

    Ecuadorian Cuisine/Best Places to Dine: Ecuadorian cuisine is very varied: You can have delicious fresh sea food, (ceviche, typically made from fresh raw fish cured in citrus juices, is a specialty), and you can also have hot creamy potato soup (locro) or fried pork meat accompanied with potato cakes (fritada and llapingachos). Two of the best places to dine in Quito are La Choza Restautante and Barlovento.

    Favorite Local Beverage: Canelazo, It typically consists of aguardiente (sugar cane alcohol), sugar or panela and agua de canela (water boiled with cinnamon).

    Best Tourist Sites: Galapagos Islands, the mountains and the rainforest

    What I Love About Ecuador: The kindness of its people, the food and because Ecuador is not large in geography it´s easy to travel and experience the beauty of its mountains, coasts and rainforest.

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  • Citi Honduras: 50 Years of Supporting Clients, Colleagues and Communities

    By Reina Irene Mejía, Citi Country Officer, Honduras November 13, 2015 01:00 PM

    At Citi Honduras, we believe in perseverance. For the past 50 years, it has enabled us to achieve our goals by tirelessly serving our clients, advancing their interests and helping to connect them with the world. As I reflect on our 50th anniversary in this country, I’m reminded that this milestone is a clear example of how our constant curiosity and innovative approach to problem-solving has successfully turned ambition into achievement for our clients, colleagues and communities.

    On October 1, 1965, Citi established its presence here by purchasing a majority stake in Banco de Honduras. During the financial crisis of the 1980s, many other multinational banks left the country, but Citi adapted our strategies and has continued to thrive here as we recover from the global downturn. As Citi Country Officer and General Manager of Citi Honduras for the past two years, I’m proud of the many innovative ways that we help our clients – 250 of the most important multinational institutions – do business and succeed both here and in markets elsewhere in Latin America and around the world. These organizations include the Multilateral Development Bank, public sector, textile industry, agribusiness, communication services, energy and the Correspondent Bank.

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  • Citi Uruguay: 100 Years of Supporting
    Local Development

    By Leticia Moreira, Public Affairs Officer, Citi Uruguay July 31, 2015 11:45 AM

    Can you imagine turning 100 years old?

    At Citi Uruguay we can, and we’re so proud and excited about it!

    The first Citi branch in Uruguay opened in 1915 as The First National City Bank of New York and since then, we have worked without interruption, becoming the oldest operating private bank in Uruguay, and the only American bank in country. Over the past century, we have contributed to Uruguay’s national economic growth and collaborated with the community in order to provide tangible contributions in key areas of local development.

    Through cooperation with the government, we have supported nationally important energy projects such as the construction of the Boya Petrolera de José Ignacio oil storage buoy in 1978, and the Represa de Palmar hydroelectric power station in 1982. In addition to these traditional energy projects, we have supported the creation of the Bolsa Electrónica de Valores (BEVSA) electronic stock exchange in 1993 and the financing of the sixth pumping line of the Sanitary Works of the State (O.S.E.) in 2008, which improved the water supply in the capital and increased water access to some of Uruguay’s more rural areas.

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