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This provides a 25-year debt servicing schedule, but leaves suppliers with unpaid public service contracts as the main losers. Puerto Rico’s finances will be under renewed…
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DOI: 10.1108/OXAN-DB260767
ISSN: 2633-304X
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The Board has now argued the case for federal endorsement of this latest version of the plan before the judge overseeing the process. The process has taken four years to reach…
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DOI: 10.1108/OXAN-DB265893
ISSN: 2633-304X
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Despite consensus over last year’s budget, repeated delays forced the Board to act when no agreement was reached this time. The balanced budget, which was subsequently confirmed…
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DOI: 10.1108/OXAN-DB271778
ISSN: 2633-304X
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The upgrade comes in the wake of Egypt's Economic Development Conference (EEDC) last month, a major international conference that sought to showcase Egypt as an attractive…
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DOI: 10.1108/OXAN-DB198806
ISSN: 2633-304X
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Economic policy-making.
Banks' bad debts.
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DOI: 10.1108/OXAN-DB210446
ISSN: 2633-304X
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Geographic
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Small companies have been the most affected. Government programmes have supplied credit but struggled to channel funds to the neediest companies, especially at the beginning of…
Investment-grade bond market.
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DOI: 10.1108/OXAN-DB247379
ISSN: 2633-304X
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Geographic
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Unforeseen losses of BRL43bn (USD8.2bn) discovered in its balance sheet in early January prompted a sharp fall in the company's share price. Uncertainty regarding the undeclared…
China corporate bond defaults.