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MercoPress, en Español

Montevideo, November 21st 2024 - 19:12 UTC

Tag: liquidity problems

  • Thursday, March 26th 2020 - 18:53 UTC

    IATA: Airlines need $US200 billion in liquidity to face “apocalypse”

    Hardest hit by the revenue slump in dollar terms will be airlines in the Asia-Pacific (down $US88 billion) and Europe (down $US 76 billion).

    As passenger demand evaporated around the world due to the COVID-19 pandemic, the International Air Transport Association (IATA) has warned airlines are fighting for survival. The airline association stated that airlines need $US200 billion in liquidity support as they face “apocalypse now.”

  • Wednesday, January 30th 2019 - 09:33 UTC

    Ecuador issues 10-year sovereign bonds at 10.75% yield

    Ecuador faces liquidity problems due to a bulky fiscal deficit and hefty external debt produced during the government of former President Rafael Correa

    Ecuador’s finance ministry said it had placed about US$1 billion in 10-year sovereign bonds in the international market. Proceeds from the 10.75% bonds will be used to strengthen the country’s reserves and help fund this year’s budget which has financing needs of about US$ 8 billion, the ministry said in a statement.