VOL. XXX
NO. 21
2-MARCH-1987
Financial and Banking News
INTERNATIONAL BANKING
Brazilian Moratorium Sends Warning Signal to Banks
Brazil last week announced the indefinite suspension of interest paymentson its $68bn worth of debt to foreign banks and the freezing of $15bn-worth ofshort term credit lines pending negotiation of a repayment schedule which wouldallow greater scope for domestic economic growth. The Brazilian announcementsent shock waves through the international banking community and...
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