BUSINESS MAVERICK: How to address Venezuela’s crushing debt burden

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 84%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

BUSINESS MAVERICK: How to address Venezuela’s crushing debt burden By Ricardo Hausmann, Alejandro Grisanti and José Ignacio Hernández

to move promptly to arrest the deep humanitarian crisis, restore the country’s shattered economy, and deal with gargantuan legacy debts. All three efforts must be attempted simultaneously. None will be easy.

First, the settlement should be as comprehensive as possible. Maduro and his predecessor, Hugo Chávez, managed to incur liabilities to an astonishingly diverse group of creditors: banks, bondholders, unpaid suppliers, arbitration award holders, expropriated investors, and various others. Unlike most of the sovereign debt workouts over the last 40 years, this will not be a restructuring of exclusively bond indebtedness or commercial bank loans.

The Venezuelan people, multilateral supporters of Venezuela’s economic recovery, and Venezuela’s other commercial creditors will all insist that this culling process be carried out efficiently and transparently. In any exercise of this kind, the preferential treatment given to one category of claimant necessarily results in a proportional disadvantage to all the other claimants. The inter-creditor rivalry and resentment engendered by such discrimination could be fatal to a comprehensive debt-restructuring program of the type that Venezuela must soon undertake.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

BUSINESS MAVERICK ANALYSIS: Africa’s beastly burden: The case for shrinking the faunal poverty lineIt is no coincidence that Africa is the world’s poorest continent and the last refuge of menacing megafauna. This has pre-historical roots and today, the poorest of the poor bear the brunt of human-wildlife conflict. The concept of the ‘faunal poverty line’ seeks to address this and put people first.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Business Maverick: China’s Growth Slides to Weakest Pace in Almost Three DecadesChina’s economy continued slowing in the second quarter, with sluggish domestic output and continuing trade tensions pulling growth down to the weakest pace since the early 1990s.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Business Maverick: Monday, July 15: Five Things You Need to Know to Start Your DayChina growth data is coming up, markets are set for a cautious start to the week and U.S. earnings season kicks off. Here are some of the things people in markets are talking about today.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

BUSINESS MAVERICK: Old Mutual’s battle with Peter Moyo is not only about a conflict of interestAt the heart of the dispute between Old Mutual and sacked CEO Peter Moyo is NMT Capital, an investment firm Moyo co-founded with business titans Sango Ntsaluba and Thabiso Tlelai. Old Mutual is vexed that Moyo and other NMT shareholders wrongly pocketed dividends while the firm had outstanding preference share dividend payments to the insurer and debt obligations to the Industrial Development Corporation. NMT is potentially insolvent.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »