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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Main Author: F. A. Ahmed Abu Bakr
Format: article
Language:EN
RU
Published: MGIMO University Press 2013
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Online Access:https://doaj.org/article/73faf43333db41e5acb0f81e2e50eaf8
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spelling oai:doaj.org-article:73faf43333db41e5acb0f81e2e50eaf82021-11-23T14:50:53ZAnalysis of structure of a public debt of the countries of Latin America2071-81602541-909910.24833/2071-8160-2013-2-29-228-231https://doaj.org/article/73faf43333db41e5acb0f81e2e50eaf82013-04-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/1462https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The 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 resourcesF. A. Ahmed Abu BakrMGIMO University Pressarticlepublic debtexternal debtworld credit marketInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 2(29), Pp 228-231 (2013)
institution DOAJ
collection DOAJ
language EN
RU
topic public debt
external debt
world credit market
International relations
JZ2-6530
spellingShingle public debt
external debt
world credit market
International relations
JZ2-6530
F. A. Ahmed Abu Bakr
Analysis of structure of a public debt of the countries of Latin America
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
author F. A. Ahmed Abu Bakr
author_facet F. A. Ahmed Abu Bakr
author_sort F. A. Ahmed Abu Bakr
title 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_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_sort analysis of structure of a public debt of the countries of latin america
publisher MGIMO University Press
publishDate 2013
url https://doaj.org/article/73faf43333db41e5acb0f81e2e50eaf8
work_keys_str_mv AT faahmedabubakr analysisofstructureofapublicdebtofthecountriesoflatinamerica
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