---

       T R O U B L E D   C O M P A N Y   R E P O R T E R

                 L A T I N   A M E R I C A

          Thursday, August 1, 2024, Vol. 25, No. 154

                           Headlines



A R G E N T I N A

YPF SA: In Talks With Energy Transfer to Fund Argentina Pipeline


B R A Z I L

BANCO COOPERATIVO: S&P Affirms 'BB' ICR, Off CreditWatch Negative
BANCO DO ESTADO: S&P Affirms 'BB-' ICR, Off CreditWatch Negative


C H I L E

LATAM AIRLINES: Shareholders Raise $456 Million in U.S. IPO


C O L O M B I A

GEOPARK LIMITED: Shareholders Approve Board and Auditors


G U A T E M A L A

GUATEMALA: S&P Assigns 'BB' Rating to US$1.4BB New Notes


P U E R T O   R I C O

MAMMOTH ENERGY: Reaches $188.4 Million Settlement with PREPA
PUERTO RICO: PREPA, Creditors Ordered to Find Debt-Cutting Deal
RODFER LLC: Hires Luis R. Carrasquillo as Financial Consultant


X X X X X X X X

LATAM: IDB Group Recommends Reforms to Address Housing Deficit

                           - - - - -


=================
A R G E N T I N A
=================

YPF SA: In Talks With Energy Transfer to Fund Argentina Pipeline
----------------------------------------------------------------
Buenos Aires Times reports that Argentine crude driller YPF SA has
held talks with US pipeline company Energy Transfer LP to finance a
cross-country conduit that's key to the South American nation's
ambitions of ramping up shale oil exports.

State-run YPF, the biggest oil producer in Argentina's Vaca Muerta
shale patch, is spearheading development of the pipeline, which is
estimated to cost US$2.5 billion, according to Buenos Aires Times.
It's been in conversations with Energy Transfer to fund the
project, according to two people familiar with the matter who asked
not to be named as the talks are private, the report notes.

A spokeswoman for Energy Transfer declined to comment on the
matter, adding that the company is looking at opportunities inside
and outside the United States, the report relays.  A spokesman for
YPF declined to comment.

YPF needs outside backing to pay for the pipeline, called Vaca
Muerta Sur, the report discloses.  It is negotiating with other oil
drillers in Argentina, who require extra transportation capacity to
unlock production, and would bring in additional partners once that
consortium is in place, said one of the people, the report says.

                        Economic Boost

The pipeline would give a significant boost to Argentina's share of
global oil exports and help stoke the country's economy, the report
relays.  The nation desperately needs new sources of export dollars
beyond its traditional crop shipments to increase central bank
reserves, where shortages of hard currency have driven recurring
crises, the report says.  

The conduit is key to reaching a goal of exporting some half a
million barrels a day of shale oil by the end of the decade, the
report notes.  Vaca Muerta's exports are currently just north of
100,000 barrels a day, the report discloses.  Shipments from the
shale patch have been severely constrained by pipeline bottlenecks,
and some production still has to leave the fields in trucks, the
report notes.

YPF is already building a 128-kilometre (80-mile) duct to take oil
from shale fields to the town of Allen in Río Negro province, the
report relays.  The larger project that Energy Transfer may partner
would involve laying down 437 kilometres of pipe from Allen to the
Atlantic coast, where a port will be built at Punta Colorada, an
old iron-shipping outpost, the report notes.

The project may qualify for a series of tax, currency and customs
benefits included in a sweeping reforms law drafted by libertarian
President Javier Milei, who has been in power for seven months, the
report says.

                     Incentives Program

The benefits package - known as RIGI, the Spanish acronym for the
"incentives programme for big investments" - is designed to lure
international investors who have avoided Argentina because of years
of volatile policies, especially controls on taking money out of
the country, the report discloses.

RIGI establishes investors' rights to freely use proceeds from
exports, including keeping them abroad, the report relays.  That
will reduce borrowing rates to finance infrastructure projects in
Argentina, said Marcelo Etchebarne, a managing partner at law firm
DLA Piper's Buenos Aires offices, the report says.

Dallas-based Energy Transfer operates more than 125,000 miles of
pipelines for energy products and several export terminals in the
United States, and has offices overseas in China and Panama,
according to its website, the report adds.

                       About YPF SA

YPF S.A. is a vertically integrated, majority state-owned
Argentine energy company, engaged in oil and gas exploration and
production, and the transportation, refining, and marketing of gas
and petroleum products.

Founded in 1922, YPF was an oil company established as a state
enterprise.  YPF was later privatized under president Carlos Menem
and was bought by the Spanish firm Repsol in 1999, and the
resulting merged company was call Repsol YPF.  

In 2012, about 51% of the firm was renationalized and this was
initiated by President Cristina Fernandez se Kirchner.  The
government of Argentina agreed to pay $5 billion compensation to
Repsol.

In April 2023, S&P Global Ratings lowered its local and foreign
currency ratings on YPF SA to 'CCC-' from 'CCC+'.  The outlook on
these ratings is now negative.  The downgrade follows a similar
action on S&P's long-term foreign currency ratings and T&C on
Argentina, following announced plans that, if implemented, would
oblige some nonfinancial public-sector entities to exchange or
sell their holdings of global- and local-law dollar-denominated
bonds issued during the 2020 restructuring for other locally issued
peso debt, likely dollar- and/or inflation-linked bonds. In S&P's
view, the lack of clarity and the apparent motivation for the
potential transaction underscore heightened credit vulnerabilities,
in particular given the increasing pressures from the severe
drought that Argentina is facing, which further constrains the
already disrupted FX market. This expected greater pressure on the
FX markets also explains S&P's downward revision of the T&C
assessment to 'CCC-'.






===========
B R A Z I L
===========

BANCO COOPERATIVO: S&P Affirms 'BB' ICR, Off CreditWatch Negative
-----------------------------------------------------------------
S&P Global Ratings removed its 'BB' global scale and 'brAAA'
national scale ratings on Banco Cooperativo Sicredi S.A. from
CreditWatch, where it had placed them with negative implications on
May 9, 2024, and affirmed the ratings.

S&P said, "The stable outlook reflects our expectation that in the
next 12 months, the bank will continue strengthening its
cooperative business model, expanding the number of members and its
geographic reach with good profitability. We don't expect the
flooding to affect financial results this year."

S&P Global Ratings removed its 'BB' global scale and 'brAAA'
national scale issuer credit ratings on Banco Cooperativo Sicredi
S.A. from CreditWatch, where they had been placed with negative
implications on May 9, 2024, and affirmed the ratings. The outlook
is stable.

Sicredi has approximately 30%, or around Brazilian real (R$) 67
billion, of its credit portfolio in Rio Grande do Sul, and the
company estimates less than 10% (around R$5.2 billion) of this
total is exposed to municipalities that took a severe hit from the
floods. S&P expects provision needs will not exceed R$2.0 billion,
considering the high guarantee cover Sicredi has on this portfolio.
Moreover, if these credit losses materialize, they will likely be
diluted within the next few years.

Sicredi has also extended 2.5% of its loan installments since May
2024 to provide flexibility and help prevent default for affected
clients. In S&P's view, the financial effects of the floods have so
far been manageable for the bank and the system and should not
affect the ratings on Banco Sicredi.

S&P said, "Therefore, we removed the ratings from CreditWatch
negative, where we had placed them to reflect uncertainty about the
magnitude of the effects of the extremely high rainfall in Rio
Grande do Sul. We now expect the negative impact of the event will
be mitigated in the coming years without damaging Sicredi's
financial results, given its well-diversified loan portfolio within
the region.

"We view its liquidity policy as conservative, with high liquid
assets invested mainly in government bonds. In the past three
months, its liquid assets grew nearly 8%, reaching over R$100
billion. Considering broad liquid assets covered short-term
wholesale funding by 4.6x as of March 2024, we think Banco Sicredi
has sufficient liquidity to cover for any stress event.

"We base our analysis on our opinion that the bank and the credit
unions that are part of the system form an integrated institution
that would provide support in any foreseeable circumstance to any
of the system's entities. We think the bank's high importance to
the system's strategy--given that it's the intermediary between the
credit unions and the market--makes it a core entity for the
group." As a result, the rating on the bank reflects the group
credit profile.

Although Sicredi doesn't have an aggregate calculation of
regulatory capital, it maintains individual control of the
regulatory capital indices of each cooperative and the bank, which
are solidly above the minimum regulatory requirements. As of May
2024, the aggregate Basel III ratio for the system and for the
cooperatives in Rio Grande do Sul were 19.5% and 21.3%,
respectively. These are the same levels reported in April 2024.


BANCO DO ESTADO: S&P Affirms 'BB-' ICR, Off CreditWatch Negative
----------------------------------------------------------------
S&P Global Ratings removed its 'BB-' global scale and 'brAA+'
national scale ratings on Banrisul from CreditWatch with negative
implications, where it placed them on May 7, 2024, and affirmed the
ratings.

S&P said, "The stable outlook reflects our expectation that in the
next 12 months, the bank will continue to focus on secured retail
operations and agribusiness while it maintains its regulatory
capital ratios in line with those of peers. We don't expect the
flooding to affect Banrisul's financial results this year.

"On July 30, 2024, S&P Global Ratings removed its 'BB-' global
scale and 'brAA+' national scale issuer credit ratings on Banrisul
from CreditWatch negative, where we placed them on May 7, 2024, and
affirmed the ratings. The outlook is stable.

"As a state-owned bank, almost all of Banrisul's operations are in
Rio Grande do Sul. As of March 2024, the bank had Brazilian real
(R$) 54 billion in its portfolio, less than 8% of which it
estimates is in areas significantly affected by the flood damage.
However, we do not expect meaningful credit provision needs related
to the floods.

"Banrisul took a series of measures to support the region, such as
renegotiating about R$2.2 billion of loan installments that
represented 4.1% of its total loan book. Of this amount, 22% is
composed of payroll-deductible loans, and 66% of it is from
agribusiness. In our view, the financial effects of the floods have
so far been manageable for the bank.

"Therefore, we removed the ratings from CreditWatch negative, where
we had placed them to reflect uncertainty about the magnitude of
the effects of the flooding. We now expect the negative impact of
the event will be mitigated in the coming years without damaging
Banrisul's financial results."

The bank is well known across southern Brazil, and its operations
have been resilient despite Rio Grande do Sul's prolonged weak
finances. In addition, we think the state's ability to intervene in
the bank's operations is limited because of Brazil's Fiscal
Responsibility Law, banking regulations, and Banrisul's strong
corporate governance.

Banrisul's wide branch network and strong brand recognition in Rio
Grande do Sul enables a diversified funding base through demand,
savings, and time deposits. Moreover, the bank's position as the
financial agent for state employees also helps provide a stable and
low-cost deposit base, thanks to Banrisul's robust market share of
time deposits in the state. Banrisul's broad liquid assets covered
short-term wholesale funding by 2.84x and its stable funding ratio
was 137.2% as of March 2024.

Additionally, the state of Rio Grande do Sul received donations and
government aid that helped prevent liquidity issues in the region.
The postponement of payments in May and June also increased the
liquidity of Banrisul's clients and, therefore, increased deposits
in the bank. As a result, the bank's total demand, savings, and
time deposits increased by 56% in June 2024 compared to May 2024,
before the floods. Considering these factors, S&P thinks Banrisul
has sufficient liquidity to cover potential needs following a
stress event.




=========
C H I L E
=========

LATAM AIRLINES: Shareholders Raise $456 Million in U.S. IPO
-----------------------------------------------------------
Bloomberg News reports that a group of Latam Airlines Group SA
shareholders raised $456 million in an initial public offering of
American depositary shares.

The shareholders in the Santiago-based airline sold 19 million ADS
for $24 each, according to a statement, the report notes.

Each ADS represents 2,000 of Latam's common shares, which trade on
the Chilean Stock Exchange, according to the report.  The sellers
are Sixth Street Partners, Strategic Value Partners, Olympus Peak,
Monarch Funds, Varde Funds and Marathon Fund, the statement shows,
the report relays.

As reported in the Troubled Company Reporter-Latin America on June
3, 2024, Fitch Ratings has published LATAM Airlines Group S.A.'s
'BB-' (LATAM)'s Long-Term Foreign and Local Currency Issuer Default
Rating (IDR). Fitch currently rates LATAM's National Long-Term
Rating at 'BBB+(cl)'. The Rating Outlook is Positive.



===============
C O L O M B I A
===============

GEOPARK LIMITED: Shareholders Approve Board and Auditors
--------------------------------------------------------
investing.com reports that in a unanimous decision, the
shareholders of GeoPark Limited, a prominent player in Latin
American oil and gas exploration, have re-elected all proposed
directors during their Annual General Meeting (AGM).  The meeting,
which took place in Bermuda, also saw the appointment of Ernst &
Young Audit S.A.S. as the company's external auditors for the
fiscal year ending December 31, 2024, according to investing.com.

All eight director nominees, including Chair of the Board Sylvia
Escovar, received overwhelming support with more than 30 million
votes in favor for each, and minimal opposition, the report notes.
The re-election ensures continuity in the company's leadership as
it navigates the evolving energy sector, the report relays.

In addition to the director elections, shareholders authorized the
Audit Committee to set the remuneration for the newly appointed
auditors, the report says.  This move is a routine element of
corporate governance, providing the committee with the discretion
to negotiate audit fees, the report relays.

Another notable outcome from the AGM was the approval of an
amendment to Section 49 of the company's Bye-laws, the report
discloses.  While the specifics of the amendment were not detailed
in the press release, such changes typically relate to the internal
management and regulatory compliance of the company, the report
notes.

GeoPark's commitment to transparent and responsive corporate
governance is reflected in the high level of shareholder
participation and approval rates, the report relays.  The voting
results are a testament to investor confidence in both the
management team and the strategic direction of the company, the
report notes.

In other recent news, GeoPark Limited has reported a slight
increase in consolidated average production for the second quarter
of 2024, the report relays.  The company's production averaged
35,608 barrels of oil equivalent per day (boepd), with significant
increases in Ecuador and Colombia, the report says.  The company's
production exceeded 41,000 boepd as of July 1, 2024, due to the
contribution from the Mata Mora Norte Block in Argentina, the
report discloses. GeoPark plans to drill 8-10 gross wells in the
third quarter of 2024, focusing on a mix of conventional,
unconventional, and exploratory projects, the report relays.

GeoPark's financial results for the first quarter of 2024 showed
the company's adjusted EBITDA surpassing $111 million, and a cash
position of over $150 million, the report notes.  The acquisition
of a new asset in Vaca Muerta, Argentina, is anticipated to boost
daily production by 15-20% and add 50 million barrels of net 2P
reserves. The financing for this acquisition will come from a
combination of cash surplus and a $300 million financing
arrangement with Vitol, the report discloses.

Fitch Ratings has affirmed GeoPark Limited's Long-Term Foreign and
Local Currency Issuer Default Ratings (IDRs) at 'B+'. The Rating
Outlook has been revised to Stable from Negative. Fitch has also
affirmed GeoPark's USD500 million notes due 2027 at 'B+'/'RR4'.



=================
G U A T E M A L A
=================

GUATEMALA: S&P Assigns 'BB' Rating to US$1.4BB New Notes
--------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue rating to Guatemala's
new notes totaling an equivalent of US$1.4 billion:

-- $600 million 6.05% notes due 2031
-- $800 million 6.55% sustainable notes due 2037

The ratings on the notes are at the same level as the long-term
foreign currency sovereign credit rating on Guatemala
(BB/Positive/B). The sovereign will use the issuance proceeds for
general budgetary purposes, including to roll over its outstanding
debt, as well as eligible green and social projects under its
sustainability financing framework.

The 'BB' ratings on Guatemala reflect its track record of
macroeconomic stability and economic resilience. The country's
manageable fiscal deficits, very low net debt, strong external
profile, and history of sound monetary policy are key credit
strengths.

On the other hand, it faces substantial social and infrastructure
needs that curtail growth prospects, and conservative fiscal policy
has limited space for public investment. The ratings also
incorporate S&P's view of Guatemala's still-developing public
institutions, high perceived corruption, and challenging political
conditions that constrain policymaking effectiveness.

The positive outlook indicates S&P's expectation of an upgrade in
the next six to 12 months if cautious macroeconomic policies
prevail, despite somewhat higher fiscal deficits stemming from the
planned rise in infrastructure spending. The outlook also reflects
the country's strong external resilience despite long-standing
institutional challenges and episodes of political uncertainty.




=====================
P U E R T O   R I C O
=====================

MAMMOTH ENERGY: Reaches $188.4 Million Settlement with PREPA
------------------------------------------------------------
Jim Silver of Bloomberg News reports that Mammoth Energy is getting
$188.4 million in its settlement with the Puerto Rico Electric
Power Authority (PREPA).

Mammoth plans to use some of the $188.4 million in settlement
proceeds to pay off term credit facility, which had balance of
$49.3 million as of June 30, 2024.  The rest will be cash on
balance sheet to invest in the business and for general corporate
purposes.

As a result of agreement, Mammoth will take a non-cash, pretax
charge of $170.7 million in 2Q 2024 to reduce its accounts
receivable balance from PREPA to the amount expected to be received
in the settlement.

                    About Mammoth Energy

Mammoth Energy Services, Inc. operates as an integrated oilfield
service company. The Company operates in four segments: Pressure
Pumping Services, Infrastructure Services, Natural Sand Proppant
Services, and Contract Land and Directional Drilling Services. It
was founded in 2014 and is headquartered in Oklahoma City,
Oklahoma.

PUERTO RICO: PREPA, Creditors Ordered to Find Debt-Cutting Deal
---------------------------------------------------------------
Michelle Kaske of Bloomberg News reports that the judge overseeing
the bankruptcy of Puerto Rico's electric utility directed the
parties to reach a consensual debt-cutting deal through mediation
and put a hold on most legal filings for at least 60 days to force
the borrower and its creditors to focus on their negotiations.

US District Court Judge Laura Taylor Swain's push for a broader
resolution through mediation follows an appeals court ruling last
month that increased bondholders' allowable claims to about $8.5
billion from the $2.4 billion limit that Swain had placed on their
unsecured lien on the utility's net revenue.

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States. The chief of state is the President of the
United States of America. The head of government is an elected
Governor. There are two legislative chambers: the House of
Representatives, 51 seats, and the Senate, 27 seats.

In 2016, the U.S. Congress passed PROMESA, which, among other
things, created the Financial Oversight and Management Board and
imposed an automatic stay on creditor lawsuits against the
government, which expired May 1, 2017.

The members of the oversight board are: (i) Andrew G. Biggs, (ii)
Jose B. Carrion III, (iii) Carlos M. Garcia, (iv) Arthur J.
Gonzalez, (v) Jose R. Gonzalez, (vi) Ana. J. Matosantos, and (vii)
David A. Skeel Jr.

On May 3, 2017, the Commonwealth of Puerto Rico filed a petition
for relief under Title III of the Puerto Rico Oversight,
Management, and Economic Stability Act ("PROMESA"). The case is
pending in the United States District Court for the District of
Puerto Rico under case number 17-cv-01578. A copy of Puerto Rico's
PROMESA petition is available at
http://bankrupt.com/misc/17-01578-00001.pdf                       


On May 5, 2017, the Puerto Rico Sales Tax Financing Corporation
(COFINA) commenced a case under Title III of PROMESA (D.P.R. Case
No. 17-01599). Joint administration has been sought for the Title
III cases.

On May 21, 2017, two more agencies -- Employees Retirement System
of the Government of the Commonwealth of Puerto Rico and Puerto
Rico Highways and Transportation Authority (Case Nos. 17-01685 and
17-01686) -- commenced Title III cases.

U.S. Chief Justice John Roberts named U.S. District Judge Laura
Taylor Swain to preside over the Title III cases.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose LLP; and Hermann D. Bauer, Esq.,
at O'Neill & Borges LLC are onboard as attorneys.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains the case Website
https://cases.primeclerk.com/puertorico

Jones Day is serving as counsel to certain ERS bondholders.

Paul Weiss is counsel to the Ad Hoc Group of Puerto Rico General
Obligation Bondholders.


RODFER LLC: Hires Luis R. Carrasquillo as Financial Consultant
--------------------------------------------------------------
Rodfer, LLC seeks approval from the U.S. Bankruptcy Court for the
District of Puerto Rico to employ CPA Luis R. Carrasquillo & Co.,
PSC as its financial consultant.

The firm's services include:

     (a) advise in strategic planning;

     (b) prepare the Debtor's plan of reorganization, disclosure
statement and business plan; and

     (c) participate in negotiations with the Debtor's creditors.

The firm received a retainer in the amount of $6,000 from the
Debtor.

The hourly rates of the firm's professionals are as follows:

     Luis R. Carrasquillo $200
     Marcelo Gutierrez    $160
     Ramon Villafane      $160
     Zoraida Delgado Diaz $110
     Arnaldo Morales      $100
     Maria Vera            $75
     David Sanchez Diaz    $85
     Jean Aponte           $65
     Enid Olmeda           $75
     Luis R. Guzman        $40
     Kelsie M. Lopez, Esq. $50

Luis Carrasquillo, CPA, a principal at CPA Luis R. Carrasquillo &
Co., disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Luis R. Carrasquillo, CPA
     CPA Luis R. Carrasquillo & Co., PSC
     28th Street, #TI-26
     Turabo Gardens Ave.
     Caguas, PR 00725
     Telephone: (787) 746-4555
     Facsimile: (787) 746-4564
     Email: luis@cpacarrasquillo.com

                        About Rodfer LLC

Rodfer, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.P.R. Case No. 24-02811) on July 3, 2024.
Chavely Vellon, president, signed the petition.

Judge Mildred Caban Flores oversees the case.

The Debtor tapped Javier Villarino, Esq., at Villarino & Associates
LLC as counsel and CPA Luis R. Carrasquillo & Co., PSC as financial
advisor.




===============
X X X X X X X X
===============

LATAM: IDB Group Recommends Reforms to Address Housing Deficit
--------------------------------------------------------------
The Inter-American Development Bank (IDB) Group has proposed six
structural reforms to reduce the housing deficit in Latin America
and the Caribbean, with special attention to vulnerable and
low-income populations. During the 3rd Housing Forum 2024, held in
Mexico City, public and private sector officials analyzed
innovative measures and their effective implementation to guarantee
access to housing for the region's most disadvantaged groups.

An estimated 45% of households in Latin America and the Caribbean
do not have decent housing. To reduce this gap, the IDB Group is
proposing key reforms, including improving governance and
regulatory frameworks to encourage private sector participation in
the production and financing of affordable housing.

Scarce access to financing for the most vulnerable sectors is
leaving many families out of the housing credit system. Therefore,
two of the suggested reforms seek to diversify subsidy schemes and
design innovative financial products that facilitate access to
housing for these sectors.

The set of six reforms recommended by the IDB Group at the Housing
Forum 2024 also includes promoting business intelligence in the
sector to improve housing deficit management alongside national
statistics institutes; fostering innovation in construction systems
and materials to reduce costs and adapt to climate change; and
improving knowledge dissemination together with key actors in the
sector.

"Lack of decent housing is one of the clearest manifestations of
poverty, and reducing poverty is one of the IDB Group's strategic
goals," said Tatiana Gallego, Chief of the IDB's Housing and Urban
Development Division. "That's why we work actively with governments
in the region to offer solutions that promote private sector
participation and make it possible to close the housing deficit in
a way that is inclusive and resilient to climate change."

The IDB Group's proposed reforms are the result of studies on the
housing sector situation conducted with national governments in
several countries in the region. These studies consist of an
exhaustive analysis of the sector's value chain in order to
identify weaknesses and define corrective measures. More than 300
relevant LAC housing sector actors were interviewed for the
report.

So far, such studies have been completed in Argentina, Brazil,
Dominican Republic, Ecuador, Guatemala, Nicaragua, Panama,
Paraguay, Peru and Nicaragua, and are still under way in El
Salvador and Trinidad and Tobago. Some countries are already
implementing structural reforms based on IDB Group recommendations.
These include Panama, which is analyzing the introduction of
changes in its housing and leasing laws, and Brazil, which is
working on improvement products and developing a national housing
supply and demand platform. Meanwhile, Ecuador is promoting housing
loans with cooperatives and Peru has implemented a Sustainable
Urban Development Act.

The Housing Forum 2024 was attended by 11 housing ministers and
deputy ministers from Latin America and the Caribbean, U.S.
government authorities and relevant actors from Europe and Canada.
The event was also attended by mayors from the region, national
housing agencies, development banks, builders, private banks,
microfinance companies and institutional investors. All of them
agreed on the need to find disruptive measures to better address
the housing deficit in a highly urbanized region – 82% of the
population resides in cities – and vulnerable to climate change.
Changes in demographics and household composition, with more
single-parent and female-headed families, are additional challenges
that exacerbate the housing deficit and the need for inclusive
solutions.

The 3rd Housing Forum 2024 was organized in collaboration with
Mexico's Ministry of Agrarian, Territorial and Urban Development
(SEDATU) and the National Workers' Housing Fund Institute
(Infonavit).


                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C.,
USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine T.
Fernandez, Julie Anne L. Toledo, Ivy B. Magdadaro, and Peter A.
Chapman, Editors.

Copyright 2024.  All rights reserved.  ISSN 1529-2746.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Latin America subscription rate is US$775 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each.  For subscription information,
contact Peter A. Chapman at 215-945-7000.
.


                  * * * End of Transmission * * *