SUB-SAHARAN AFRICA: The African Union’s push for debt restructuring
● The temporary debt moratoria for poor countries announced by the G20 and IMF are designed to buy time as the conversation around comprehensive debt restructuring is only about to take pace. ● The African Union (AU) is pushing to extend debt moratoria to more countries and call… Become a member to read the […]
ARGENTINA: Provincial bond snare avoided but bigger tests lie ahead
Buenos Aires provincial Governor Axel Kicillof announced yesterday, 4 February, that the province will make a USD 250mn bond amortization payment after failing to convince enough bondholders to accept his proposal to delay the payment (originally due on 26 January) until May. Kic… Become a member to read the rest of this article
ARGENTINA: Sub-sovereign debt issue as prelude to broader negotiations
Yesterday, 14 January, Buenos Aires provincial authorities formalized their intention to delay an upcoming amortization payment of USD 250mn. The federal government had earlier indicated that it would not cover the payment, having previously made positive noises about the possibi… Become a member to read the rest of this article