Mexico's External Debt and the Return to Voluntary Capital Market Financing

The paper analyzes the evolution of Mexico's approach to commercial bank debt restructuring since the outbreak of the 1982 debt servicing problems. It discusses the key elements of the approach, their implementation, and their interaction with developments in the "international debt strategy." It focusses, in particular, on factors contributing to the emergence of comprehensive market-based debt and debt service reduction operations. Together with the sustained implementation of appropriate economic policies, these operations have contributed to Mexico's return to voluntary international capital market financing. The paper discusses the major aspects of this market re-entry process.
Publication date: August 1991
ISBN: 9781451954494
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Finance , International - Economics , debt reduction , bond , bonds , debt service , debt servicing

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