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..
Not exact matches
JP Morgan Emerging Market Bond Index The JPMorgan Emerging Markets Bond Index Global («EMBI Global») tracks
total returns for traded
external debt instruments in the emerging markets, and is an expanded version of the JPMorgan EMBI +.
According to the data presented by the Soviet Government at the 1922 Genoa Conference, the
total external national
debt of Russia (state and government - guaranteed loans) had amounted by the year 1914 to 6.3 billion golden roubles (at the pre-war exchange rate of the Rouble when it equalled 0.5 USD or 2.16 German RM).
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.
Of the
total debt stock, domesti
debt went up by 20.1 % to GHc64.2 billion, while
external debt rose by 7.9 % to hit GHc74.7 billion.
«The APC - led Federal Government is again taking Nigeria prior to year 2005 when the
external debt burden derailed the growth of Nigeria's economy and weakened the GDP before the
total cancellation of her
debt,» he added.
Of the
total public
debt stock,
external debt was GH cents 21,545.72 million (US$ 11,461.71 million) while domestic
debt amounted to GH cents 27,132.7 million (US$ 12,559.45 million), representing 47.72 % and 52.28 % of
total debt, respectively.»
Those
debts and unfunded promises will have to be paid someday, either through taxes, inflation, or repudiation (
total or
external).
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.