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...
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