Tag: public debt

• Saturday, December 18th 2021 - 09:02 UTC

  Global Debt Reaches a Record US$226 Trillion

  

  By Vitor Gaspar, Apulo Medas, and Roberto Perrelli (*) – In 2020, we observed the largest one-year debt surge since World War II, with global debt rising to US$ 226 trillion as the world was hit by a global health crisis and a deep recession. Debt was already elevated going into the crisis, but now governments must navigate a world of record-high public and private debt levels, new virus mutations, and rising inflation.

• Thursday, October 29th 2020 - 09:10 UTC

  Brazilian government borrowing jumped to second highest record in September

  

  Brazilian government borrowing jumped to its second-highest on record in September, Treasury figures showed, meaning Brazil issued more debt in the first nine months of this year than the whole of last year.

• Thursday, October 22nd 2020 - 08:28 UTC

  Britain's record borrowing because of Covid-19; total public debt 103,5% of GDP

  

  Britain’s government borrowing in the first half of the financial year was more than six times higher than before the COVID pandemic, official figures showed on Wednesday, taking public debt to its highest since 1960.

• Saturday, July 18th 2020 - 09:14 UTC

  Argentina's bill to restructure public debt in dollars issued under local law

  

  Argentina’s government sent a bill to Congress late on Thursday night laying out its plans to restructure public debt in dollars issued under local law, offering creditors new instruments in both foreign currency and pesos.

• Thursday, May 7th 2020 - 12:47 UTC

  Restructuring Argentina’s Private Debt is Essential

  

  By Joseph Stiglitz, Edmund S. Phelps, and Carmen Reinhart (*) – Argentina's creditors are being asked to accept a proposal that would reduce their revenue stream but make it sustainable. A responsible resolution will set a positive precedent, not only for Argentina but for the international financial system as a whole.

• Thursday, February 27th 2020 - 08:15 UTC

  The Challenges of Argentina’s Debt Renegotiation

  

  By Jose Antonio Ocampo (*) – By affirming that Argentina's public-sector debt is unsustainable, the International Monetary Fund has taken a critical step toward resolving the country's long-running crisis. Moving forward, one hopes that the Fund will realize its own role in the latest crisis and follow its own advice on when to pursue capital-market liberalization.

• Monday, January 13th 2020 - 09:30 UTC

  Argentine president puts a deadline to renegotiates public debt: March 31

  

  President Alberto Fernandez said he has set a March 31 deadline to renegotiate Argentina’s rampant public debt and that a more “innovative” International Monetary Fund approves of the direction his government is taking.

• Monday, October 14th 2019 - 09:56 UTC

  Peace in Ecuador: Government and protestors strike a deal; sharp rise in fuel prices suspended

  

  President Lenin Moreno and leaders of Ecuador's Indigenous peoples struck a deal late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.

• Tuesday, April 12th 2011 - 16:13 UTC

  China to keep buying Spanish public debt and invest in financial industry

  

  China will invest in Spain’s savings-bank industry and continue buying public debt, a Spanish government official cited Chinese Premier Wen Jiabao as telling Prime Minister Jose Luis Rodriguez Zapatero at a meeting Tuesday in Beijing.