Analysis of structure of a public debt of the countries of Latin America
The article addresses the problem of public debt restructuring in seven largest countries of Latin America. Over the last decade there has been a steady decline in nations’ external debt liabilities. This process was originated by two main contributors: worsening borrowing conditions on the world cr...
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| Language: | English |
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MGIMO University Press
2013-04-01
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| Series: | Vestnik MGIMO-Universiteta |
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| Online Access: | https://www.vestnik.mgimo.ru/jour/article/view/1462 |
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| author | F. A. Ahmed Abu Bakr |
| author_facet | F. A. Ahmed Abu Bakr |
| author_sort | F. A. Ahmed Abu Bakr |
| collection | DOAJ |
| description | The article addresses the problem of public debt restructuring in seven largest countries of Latin America. Over the last decade there has been a steady decline in nations’ external debt liabilities. This process was originated by two main contributors: worsening borrowing conditions on the world credit market, encouraging governments to deleverage their external credit position, and a solid financial standing underpinned by a positive external environment. It is LAC-7 countries’ strong fiscal position that propelled the development of national debt market and attracted international investors. But as the present report reveals international capital inflows into public debt market is highly volatile, concentrated in the short term segment and insufficient to finance constantly rising needs of the emerging nations. Finally, the author considers debt management options for local government policies weighing the implications of the ongoing global financial crisis and the scarcity of external credit resources |
| format | Article |
| id | doaj-art-73faf43333db41e5acb0f81e2e50eaf8 |
| institution | Kabale University |
| issn | 2071-8160 2541-9099 |
| language | English |
| publishDate | 2013-04-01 |
| publisher | MGIMO University Press |
| record_format | Article |
| series | Vestnik MGIMO-Universiteta |
| spelling | doaj-art-73faf43333db41e5acb0f81e2e50eaf82025-01-30T12:16:06ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602541-90992013-04-0102(29)22823110.24833/2071-8160-2013-2-29-228-2311172Analysis of structure of a public debt of the countries of Latin AmericaF. A. Ahmed Abu Bakr0Moscow State Institute of International Relations (University), 76, Prospect Vernadskogo, Moscow, 119454, Russia.The article addresses the problem of public debt restructuring in seven largest countries of Latin America. Over the last decade there has been a steady decline in nations’ external debt liabilities. This process was originated by two main contributors: worsening borrowing conditions on the world credit market, encouraging governments to deleverage their external credit position, and a solid financial standing underpinned by a positive external environment. It is LAC-7 countries’ strong fiscal position that propelled the development of national debt market and attracted international investors. But as the present report reveals international capital inflows into public debt market is highly volatile, concentrated in the short term segment and insufficient to finance constantly rising needs of the emerging nations. Finally, the author considers debt management options for local government policies weighing the implications of the ongoing global financial crisis and the scarcity of external credit resourceshttps://www.vestnik.mgimo.ru/jour/article/view/1462public debtexternal debtworld credit market |
| spellingShingle | F. A. Ahmed Abu Bakr Analysis of structure of a public debt of the countries of Latin America Vestnik MGIMO-Universiteta public debt external debt world credit market |
| title | Analysis of structure of a public debt of the countries of Latin America |
| title_full | Analysis of structure of a public debt of the countries of Latin America |
| title_fullStr | Analysis of structure of a public debt of the countries of Latin America |
| title_full_unstemmed | Analysis of structure of a public debt of the countries of Latin America |
| title_short | Analysis of structure of a public debt of the countries of Latin America |
| title_sort | analysis of structure of a public debt of the countries of latin america |
| topic | public debt external debt world credit market |
| url | https://www.vestnik.mgimo.ru/jour/article/view/1462 |
| work_keys_str_mv | AT faahmedabubakr analysisofstructureofapublicdebtofthecountriesoflatinamerica |