With
lower external debt than other regions, Asian economies have been less vulnerable to a strengthening U.S. dollar, which remains one of the main risks to our outlook for emerging markets.
With
lower external debt than other regions, Asian economies have been less vulnerable to a strengthening U.S. dollar, which remains one of the main risks to our outlook for emerging markets.
Not exact matches
Women were also found to be consistently using a
lower percentage of
external debt compared to men.
But we are not perfect, and there are two items on the list — the current account and
external debt — where our score is
low by international standards.
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.
IMPROVING
DEBT AND LIABILITY MANAGEMENT • A maiden 15 - year domestic bond was issued to lengthen maturity profile of public debt; • The Domestic Debt re-profiling exercise which contributed to improving the debt mix and lowered domestic interest payments will be continued; and • The next phase of the liability management programme will include: o External debt re-profiling based on market conditi
DEBT AND LIABILITY MANAGEMENT • A maiden 15 - year domestic bond was issued to lengthen maturity profile of public debt; • The Domestic Debt re-profiling exercise which contributed to improving the debt mix and lowered domestic interest payments will be continued; and • The next phase of the liability management programme will include: o External debt re-profiling based on market conditi
DEBT AND LIABILITY MANAGEMENT • A maiden 15 - year domestic bond was issued to lengthen maturity profile of public
debt; • The Domestic Debt re-profiling exercise which contributed to improving the debt mix and lowered domestic interest payments will be continued; and • The next phase of the liability management programme will include: o External debt re-profiling based on market conditi
debt; • The Domestic Debt re-profiling exercise which contributed to improving the debt mix and lowered domestic interest payments will be continued; and • The next phase of the liability management programme will include: o External debt re-profiling based on market conditi
debt; • The Domestic
Debt re-profiling exercise which contributed to improving the debt mix and lowered domestic interest payments will be continued; and • The next phase of the liability management programme will include: o External debt re-profiling based on market conditi
Debt re-profiling exercise which contributed to improving the debt mix and lowered domestic interest payments will be continued; and • The next phase of the liability management programme will include: o External debt re-profiling based on market conditi
Debt re-profiling exercise which contributed to improving the
debt mix and lowered domestic interest payments will be continued; and • The next phase of the liability management programme will include: o External debt re-profiling based on market conditi
debt mix and lowered domestic interest payments will be continued; and • The next phase of the liability management programme will include: o External debt re-profiling based on market conditi
debt mix and
lowered domestic interest payments will be continued; and • The next phase of the liability management programme will include: o
External debt re-profiling based on market conditi
debt re-profiling based on market conditi
debt re-profiling based on market conditions.
The strategies for achieving these broad macroeconomic objectives include the following: • Promoting inclusive growth without compromising fiscal consolidation; • Anchoring fiscal policy on reducing the fiscal deficit to
low and sustainable levels, sufficient to reduce the overall public
debt burden; • Strengthening the inflation targeting regime and pursuing complementary monetary policy to promote monetary discipline; and • Pursuing complementary
external sector policies to ensure exchange rate stability and favourable current account balance.
This results in the realization that as soon as
external conditions turn unfavorable — i.e. when the free lunch of automatic growth and undiscovered deception is over — the likelyhood of almost any level of
debt to be repaid is
low.
When Russia defaulted on its
external debt, it set up a
low that rewarded investors spectacularly.
And
lower deficits do allow for greater savings after all: total foreign reserves as a percent of
external debt has more than tripled, with the average country holding close to one unit of foreign reserves for every unit of externally issued
debt.8 And a major concern, sticky current account deficits, continues to pose problems for some countries, but the average deficit has shrunk.
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..