Financial and Banking News


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...