Financial and Banking News


Cartegena Group to Coordinate Debt Strategy 

At their meeting in Cancun at the end of January the Presidents of Mexico and Venezuela decided to raise the vexed question of the oil market crisis and its implications for their debt strategies with the Cartagena Group of Latin American debtor nations. A joint statement by the two presidents at Cancun said that the drop in Mexican and Venezuelan oil prices (see page A12) is too great to be...