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Montevideo, November 30th 2021 - 12:31 UTC

 

 

Investors wary of South American debt in local currencies

Saturday, August 21st 2021 - 09:20 UTC
Full article 3 comments

South American debt in local currency has become a painful experience for international investors, with little signals of relief and reversal of the situation. Read full article

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  • Steve Potts

    As of March 2020, Argentina was the Latin American country with the highest central government debt in relation to its gross domestic product (GDP). The volume of debt held by Argentina's central government represented 89 percent of the country's GDP. Among the countries shown in this graph, Brazil had the second highest share, with 79 percent. (Published 5 July 2021)

    Aug 21st, 2021 - 10:02 am - Link - Report abuse 0
  • Brasileiro

    The US Empire is so lost that it even disagrees with Latin America's sovereign currency debt. Maybe the Empire wants us to dollarize our debt.

    kkkkk

    Aug 21st, 2021 - 02:23 pm - Link - Report abuse 0
  • Chicureo

    Steve Potts & Brasileiro


    Although I don’t disagree with your assessment — Venezuela is by far worse off with the highest central government debt.

    Regarding Brazil — Perhaps the solution is the elimination of all former loan programs and future trade conducted solely on a barter basis — soya, corn and petroleum for sought after Western goods like the Soviet bloc conducted so successfully!

    Your country is an amazing bountiful cornucopia that has the potential to feed the world yet the extreme poverty rate there is depressing…

    …why not eliminate private property of farms and ranches and dividing small parcélelas to the poor campesinos to grow their crops instead?

    My country tried a similar experiment in the 1970’s that had to be cancelled abruptly!

    …it seems the idea of eliminating capitalism to increase the income of the poor always ends in misery…

    …and don’t worry — Lula will again assume the Presidency of Brazil — and
    nothing will really change…

    Marxism always works when they spend someone else’s money…


    ¡Saludos cordales desde Valle Nevado!

    Aug 21st, 2021 - 06:05 pm - Link - Report abuse 0

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