FEAR OF DEFAULT BY ECUADOR CAUSES JITTERS
Tema(s): En: Financial Times 24 ago. 1999, p. 22Resumen: The growing possibility that Ecuador might become the first nation to default on its Brady bonds is unsettling bond markets throughout Latin America - and becoming an impediment to recovery in the region. Ana-Lucia Armijos, Ecuador's finance minister, yesterday moved to reassure investors that the government would not declare a unilateral moratorium on external debt payments, and that any restructuring of its Brady bonds would follow "market mechanisms". The remarks helped emerging market debt recover some of the ground lost last week after reports that Ecuador had presented official creditors with a plan to restructure its external debt including its 6bn in Brady bonds.| Tipo de ítem | Biblioteca actual | Signatura topográfica | Info Vol | Estado | Fecha de vencimiento | Código de barras | |
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Analítica de Seriada
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BIBLIOTECA ECONÓMICA BCE - QUITO | RESUM-017861 (Navegar estantería(Abre debajo)) | Financial Times. 24 ago. 1999, p. 22 | Disponible |
The growing possibility that Ecuador might become the first nation to default on its Brady bonds is unsettling bond markets throughout Latin America - and becoming an impediment to recovery in the region. Ana-Lucia Armijos, Ecuador's finance minister, yesterday moved to reassure investors that the government would not declare a unilateral moratorium on external debt payments, and that any restructuring of its Brady bonds would follow "market mechanisms". The remarks helped emerging market debt recover some of the ground lost last week after reports that Ecuador had presented official creditors with a plan to restructure its external debt including its 6bn in Brady bonds.
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