Financial and Banking News
BUDGETS AND REVENUES
LDC Debt Write Offs May Exceed $100bn
If all international banks make loan loss provisions on their medium and long-term loans to developing countries now involved in rescheduling, the global cost will exceed $100bn, according to a study recently released by the London-based consultants, Paul Barker Associates (PBA). According to the PBA report, the weighted average discount for medium and long-term debt necessary to bring the value of debt...
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