Financial and Banking News


Venezuelan Rescheduling Shifts Spotlight onto Mexico 

Venezuela signed a 12.5-year loan rescheduling agreement with its creditor banks on 26 February which offers substantial relief from principal repayments which had been due in 1985 and 1986, as well as providing a degree of flexibility in dealing with future changes in the country's liquidity position. With the ink barely dry, the Venezuelan Finance Minister, Mr. Manuel Azpurua,...