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Debt Negotiations

All articles tagged with #debt negotiations

finance-and-economics3 years ago•3 min saved

The Troubled State of Debt Negotiations: Sri Lanka's Case Study

Sri Lanka's debt negotiations have hit a roadblock as the IMF refuses to release funds due to the country's large debts and tiny tax revenue. China, Sri Lanka's biggest creditor, is holding up the restructuring process by refusing to take a haircut on its debts. Other national creditors, led by India, are working on a deal that excludes China, potentially forcing Sri Lanka to suspend repayments or reach a comparable deal. The breakdown in sovereign-debt negotiations reveals the extent of the problem, with middle-income countries like Sri Lanka unable to access the Common Framework for debt restructuring. Tensions between China and India as creditors may exacerbate future standoffs in other indebted countries.

via The Economist|

#china #creditors #debt-negotiations

politics3 years ago•1 min saved

Biden Claims Innocence on Debt Talks, Apologizes for Cancelled Trips.

President Joe Biden argued that he would not be to blame if the United States defaults amid ongoing debt negotiations. Biden said Republicans will be responsible if a deal cannot be reached. Biden’s statements follow the White House’s condemnation for the GOP’s proposal on the debt limit, calling it a “wishlist of extreme MAGA priorities.”

via Mediaite|

#debt-negotiations #joe-biden #maga

politics3 years ago•2 min saved

"Debt Ceiling Negotiations: Sanders, Van Hollen, and Top Republicans Weigh In"

Senator Bernie Sanders is open to some spending cuts but warned lawmakers not to "go to war against the working class" during debt negotiations. He supports cutting military spending and demanding that the largest corporations and wealthiest people pay their fair share of taxes. Sanders also supports a clean debt ceiling bill and criticized the Republican proposal to cut spending on programs for nutrition, education, and healthcare. He urged Republicans to ensure that debts are paid and then negotiate a sensible budget.

via The Hill|

#bernie-sanders #clean-debt-ceiling-bill #debt-negotiations

business3 years ago•0 min saved

Evergrande's $19 Billion Debt Restructuring Sends Warning to China's Creditors.

China Evergrande Group has reached a deal with a group of bondholders, covering more than $19 billion of bonds, bringing its prolonged debt negotiations close to the finish line. The Guangzhou-based developer became the highest profile victim of the Chinese government’s deleveraging campaign more than two years ago, which fueled a sharp slowdown in the property sector and ultimately led to dozens of dollar bond defaults.

via The Wall Street Journal|

#bond-restructuring #business #china