EXHIBIT 23.2


                       Explanation Concerning Absence of
                Current Written Consent of Arthur Andersen LLP

On July 1, 2002, Panamerican Beverages, Inc. (the "Company") announced that it
had appointed Deloitte & Touche, LLP to replace Arthur Andersen LLP ("Arthur
Andersen") as its independent public accountants. Representatives of Arthur
Andersen are not available to provide an updated written consent required for
the incorporation by reference of its audit report with respect to the
Company' s financial statements as of, and for the years ended, December 31,
2001 and December 31, 2000 included in this Annual Report on Form 10-K into
registration statements filed by the Company and currently effective under the
Securities Act of 1933 (the "Act"). Because, after reasonable effort, the
Company is unable to obtain Arthur Andersen's written consent to such
incorporation by reference of their report, Rule 437a under the Act permits
the Company to omit Arthur Andersen's updated written consent from this
filing.


Section 11(a) of the Securities Act provides that if any part of a
registration statement at the time it becomes effective contains an untrue
statement of a material fact or an omission to state a material fact required
to be stated therein or necessary to make the statements therein not
misleading, any person acquiring a security pursuant to such registration
statement (unless it is proved that at the time of such acquisition such
person knew of such untruth or omission) may sue, among others, every
accountant who has consented to be named as having prepared or certified any
part of the registration statement or as having prepared or certified any
report or valuation which is used in connection with the registration
statement with respect to the statement in such registration statement, report
or valuation which purpose to have been prepared or certified by the
accountant.

While Arthur Andersen did consent to the incorporation by reference of its
audit report with respect to the Company's financial statements as of, and for
the years ended, December 31, 2001 and December 31, 2000 contained in its
Annual Report on Form 10-K for fiscal 2001, as noted above, Arthur Andersen
has not consented to the incorporation by reference of such audit report
contained in this Annual Report on Form 10-K. As a result, with respect to an
applicable registration statement, the Company's investors may not be able to
recover against Arthur Andersen under Section 11(a) of the Act or the lack of
a currently dated consent may limit the time in which any liability under
Section 11(a) could be asserted against Arthur Andersen.