Financial and Banking News

INTERNATIONAL BANKING

Brazil Amends Short-Lived Securitization Plan

The Brazilian Minister of Finance, Mr. Carlos Bresser Pereira, last week announced that his radical plan to securitize a large part of his country's foreign debt would be substantially modified less than a week after he first mooted his proposals. The proposals, although never spelled out with any precision, involved the transformation of about half of Brazil's $68bn debt to foreign...