«However, at the time that we were earning such large revenues from oil, we only managed to double
our external debt from $ 5.6 bn to $ 10.7 bn between 2011 and 2015.
Not exact matches
The Macri government has begun borrowing again
from international and Wall - Street banks, but the level of
external debt is not large relative to the size of the economy.
«We are looking at a variety of options including raising more
debt, or raising equity
from farmer shareholders, or
from external shareholders like Fonterra has done,» he said.
on another matter does anyone know if it possible for one of the shareholders to set up an
external holdings company and transfer arsenals stadium
debt to it and take off the
debt from the clubs books officially so we are
debt free moving on.
Already Buhari has started giving excuses for the abysmal performance.He attributed the quagmire to drop in the price of oil globally and cleverly laid the blame on the doorsteps of all Nigerian accusing them of relying solely on oil.All renowned rating agencies including fitch continue to downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its
debt obligations.Fitch for instance downgraded Nigeria's longterm foreign currency issuer default rating to B +
from BB - and longterm local currency IDR to BB -
from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and
external vulnerability has worsened under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end of 2016 after averaging 1.5 % under the previous regime.A recent capital importation report by Nigeria Bureau of Statistics confirms that, last year, the country recorded total inflow of capital into the economy stood at $ 9.6 billion which was a 53 % drop
from previous year and the lowest recorded total since 2011.
Like many other developing countries, its growth has benefited
from a confluence of
external events, including a sustained increase in commodity prices and partial
debt relief.
Running mate for the opposition New Patriotic Party (NPP), Dr. Mahamudu Bawumia has sought to exonerate his party
from accusations by President John Mahama that they accumulated 41 percent of the nation's
external debt.
About GHc61 billion of the
debt comes
from external borrowing, whiles GHc49.2 billion is
from domestic borrowing.
Since that time the market for local currency emerging markets
debt has soared past $ 1 trillion, while
external currency
debt has grown
from about $ 200 million to $ 500 million.
Or, something entirely different... the US Government builds up so much
debt, and is constrained politically
from inflation or higher interest rates, that it decides to default on
external obligations.
And while the noises emanating
from larger firms suggest that they are entirely dismissive of the need for
external investment, doubters should recall that even Magic Circle heavyweight Clifford Chance tapped the
debt markets in 2002, raising $ 150 million through a dual - tranche bond issue.
Notable mandates: Acted for Soltoro Ltd. in connection with its successful disposition by plan of arrangement to Agnico Eagle Mines Ltd.; co-counsel for Trillium Motor World Ltd. in class action against General Motors of Canada Ltd. and Cassels Brock & Blackwell LLP; acted for Canadian Solar Inc. in connection with raising an aggregate of US$ 50 million in equity and US$ 100 million in
debt financing for acquisition financing and working capital purposes;
external counsel to the Regional Municipality of York, providing a wide range of municipal, real estate, expropriation, litigation, and commercial law advice and services; counsel to minority shareholder of a Nevis LLC worth more than US$ 500 million with respect to a claim for relief
from unfair prejudice in litigation in Nevis and the Commercial Division of the Eastern Caribbean Supreme Court in British Virgin Islands, and in contemporaneous related actions in Belize and the United States.
Starting
from the bottom: with regard to Argentina — there is no mention of the military junta in the mid-70s, nor the 30,000 (at the least) torture and killed, nor of the mothers and grandmothers walking for 20 or more years in silence protesting the killings in a Bueno Aires plaza, nor is there is mention of the billions of dollars of US military aircraft and other weapons (as well torturing equipment for sending high to low charges of electricity through various parts of the body (private parts though preferred, as they say), but sold to the junta in power which weighs heavily in the total
external debt, nor of the wholesale and retail sale of government agencies or corporations, and of the rights of water (in the 1990s), and the default of the government on various
debts and contracts: 40 or more cases before the courts and ICSID — seems the sanctity of the contract and personalty of the international organization is a barrier to putting an end these very crooked and immoral business transactions, etc..