The first steps. by Anthony Caram Amsterdam, February 21st 2022– Deep changes are needed, because we are confronted with obstacles and bottlenecks in every area. Therefore, the emphasis should gradually be placed on sustainable production and export growth, controlled consumption at more realistic prices, as well as more balanced budgetary and monetary relations. Prosperity growth…
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To be or not to Be By Heike Meinhardt Amsterdam, February 18th 2022– Given that the IMF, IDB and World Bank are supposed to help Suriname resolve its debt crisis, pushing over $1 billion in new debt worsens the problem. Upholding policies for big oil profits is reckless for Suriname’s finances and devastating for the climate.…
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Possible need for bondholders Part III Global Capital Amsterdam, February 17th 2022– GC: Can you be more specific about the forthcoming proposal to bondholders and other external commercial creditors? Minister Achaibersing: It will contain two components. Firstly, the fixed income part will reflect a reduction of outstanding debt — including accrued interest and arrears — that is…
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Value recovery instruments proposed Part II Global Capital Amsterdam, February 16th 2022– GlobalCapital: Last year, there was a public dispute with bondholders. How are your negotiations going with the bondholder committee today? Finance Minister Armand Achaibersing: Debt restructuring negotiations typically take place amid great uncertainty, and disagreements surrounding the debtor country’s economic prospects are common. But…
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