Financial and Banking News
Brazil and Paris Club Conclude Rescheduling Deal
Brazil and 13 of its Paris Club creditors on 30 July reached an agreement forthe rescheduling of nearly $5bn in debt falling due between January 1987 andMarch 1990. The agreement provides for the rescheduling of payments of principalfalling due between January 1987 and August 1988 over 10 years with a five-yeargrace period starting in August 1988. Thereafter payments of...