Many Nations Turn to Financial Markets for Assistance
Bill Menezes, Ap, THE JOURNAL RECORD
- NEW YORK - As creditors and developing nations grapple with the problems of heavy debt loads, many of them have been turning to the financial markets in their attempts to avoid fiscal disaster.
Deals ranging from the exchange of debt for equity to repayment of debts with commodities are being tested and used widely as means of cleaning bank ledgers of bad debts and spreading the risks of Third World financing.
The evolution of the markets for such deals comes as the developing world's biggest debtors are negotiating for easier payment terms.
Top finance officials from Brazil spent this past week traveling to major creditor nations in advance …
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Publication information:
Article title: Many Nations Turn to Financial Markets for Assistance.
Contributors: Bill Menezes, Ap - Author.
Newspaper title: THE JOURNAL RECORD.
Publication date: March 7, 1987.
Page number: Not available.
© 2009 THE JOURNAL RECORD.
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