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Speaking before Congress on February 13, Guzman said Argentina had the willingness but not the ability to repay debt. He proposed a gradual path to a balanced budget, to be…
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DOI: 10.1108/OXAN-DB250693
ISSN: 2633-304X
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The lifting of export taxes and the recession have already undermined the government's goal of reducing the fiscal deficit: in 2016 the primary deficit-to-GDP ratio will be even…
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DOI: 10.1108/OXAN-DB216585
ISSN: 2633-304X
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The announcement would mark the largest subnational bankruptcy in US history, with Puerto Rico facing debt obligations of 73 billion dollars from an array of public entities and…
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DOI: 10.1108/OXAN-DB220641
ISSN: 2633-304X
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This aims to lower repayment obligations, reducing interest on the loans from 21.5% to 9.0% with a three-year repayment moratorium. It also looks to increase transparency over…
Popular discontent is growing, because of rising prices, especially for energy, food and housing. Despite the government’s more transparent, pro-European and values-driven…
This ‘bad’ bank, an asset reconstruction company, will work in tandem with a debt resolution firm. It will be partially backed by government guarantees.
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DOI: 10.1108/OXAN-DB264625
ISSN: 2633-304X
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MEXICO: Reforms aim to rein in state-level debt
Prospects for a successful debt deal.
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DOI: 10.1108/OXAN-DB208500
ISSN: 2633-304X
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President William Ruto wants to use this bill to increase government revenue to help manage the difficult fiscal situation. However, the bill’s critics warn it may aggravate an…
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DOI: 10.1108/OXAN-DB279645
ISSN: 2633-304X
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However, serious concerns remain about the credibility of Turkey's Central Bank (CBRT), whose refusal to mount an interest rate defence of the lira accentuates the risks posed by…