Comment – Default Options
The world’s poorer nations are confronted by sharp recessions that threaten to endure. Poverty and inequality are rising rapidly, reversing earlier global income convergence. Public finances are coming under growing duress, and debt distress is mounting. The external liqui… Become a member to read the rest of this article Username or E-mail Password Remember […]
ARGENTINA: Facing the default cliff again
Finance Minister Martin Guzman yesterday, 16 April, unveiled the broad parameters of Argentina’s debt restructuring offer. The offer involves a three-year debt moratorium alongside a 62% reduction in interest payments; these would only resume at 0.5% in 2023 before rising in subs… 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