BlackRock, bondholders must cancel Zambia debt, economists and experts say - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Over 100 economists and development experts on Friday called for asset manager BlackRock and other holders of Zambian bonds to cancel some of that debt, saying continuing to pay private creditors was “economically inefficient and morally wrong”.

The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange in New York, US, March 30, 2017.The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange in New York, US, March 30, 2017.

“It is … imperative that BlackRock and other bondholders agree to fully engage in a large-scale debt restructuring, including significant haircuts, in order to make Zambia’s debt sustainable,” they wrote. “It would appear unlikely that the full value of the investments will ever be realised,” the BlackRock spokesperson said. “Our clients have already experienced losses with respect to their holdings of private sector sovereign debt of Zambia.”

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01

Ask China to cancel its debt too:

I must confess that I'm filled up with abundance joy, you've change my life into a better financial state,i will forever remain grateful to you and your crypto company, you're the best account manager I've ever seen in my life,thanks for the sincerity and payout melissafx46

steve_hanke , who understands these issues better; joseph_kalimbwe mhofela_mhofu

Why?

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 37. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

European stocks dip as investors brace for US rate hike, global slowdownEurope’s STOXX 600 was down 1.2%, London’s FTSE 100 0.1% and Germany’s DAX 1.8% Lockdown prophets should be sent to salt mines
La source: BDliveSA - 🏆 12. / 63 Lire la suite »