Mexico's External Debt and the Return to Voluntary Capital Market Financing
Summary:
The paper analyzes the evolution of Mexico’s approach to commercial bank debt restructuring since the outbreak of the 1982 debt servicing problems. It discusses the key elements of the approach, their implementation, and their interaction with developments in the “international debt strategy.” It focusses, in particular, on factors contributing to the emergence of comprehensive market-based debt and debt service reduction operations. Together with the sustained implementation of appropriate economic policies, these operations have contributed to Mexico’s return to voluntary international capital market financing. The paper discusses the major aspects of this market re-entry process.
Series:
Working Paper No. 1991/083
Subject:
Asset and liability management Banking Bonds Debt management Debt reduction Debt service Debt service payments External debt Financial institutions
English
Publication Date:
August 1, 1991
ISBN/ISSN:
9781451954494/1018-5941
Stock No:
WPIEA0831991
Pages:
60
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