EuromoneyFXNews.com

EuromoneyFXNews.com

Sign up to receive free alerts from our foreign exchange news service

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

September 2006

Sovereign’s balancing act


With sentiment and finances in good shape, it’s time for emerging market sovereigns to rethink their debt profiles.


Mexico has become the latest emerging market sovereign to conclude a liability management exercise, saving some $55 million and helping to lower external debt as a proportion of total public debt from 33% to 28% by the end of the year.

Liability management has grown in popularity in recent years, thanks to relatively benign market conditions and emerging market economies’ improving fundamentals, which have allowed them to act more strategically than before.

Lebanon was...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today