Analysis of structure of a public debt of the countries of Latin America
https://doi.org/10.24833/2071-8160-2013-2-29-228-231
Abstract
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
About the Author
F. A. Ahmed Abu Bakr
Moscow State Institute of International Relations (University), 76, Prospect Vernadskogo, Moscow, 119454, Russia.
Russian Federation
Russian Federation
References
1. ЛАК-7 состоит из семи крупнейших стран региона: Аргентины, Бразилии, Чили, Колумбии, Мексики, Перу и Венесуэлы, - на
2. которые приходится 90% ВВП Латинской Америки.
3. Внутренний долг – это обязательства, выпущенные в рамках национального законодательства и находящиеся под юрисдикцией
4. национальных судебных органов. Внешний долг – это обязательства, выпущенные на территории другой страны и регулируемые
5. законодательством и судебными органами других стран. Последнее время граница между внутренним и внешним долгом
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11. Быстрое ухудшение структуры долга из-за сокращения доступа к мировому рынку долговых обязательств наблюдалось в
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Review
For citations:
Ahmed Abu Bakr F.A. Analysis of structure of a public debt of the countries of Latin America. MGIMO Review of International Relations. 2013;(2(29)):228-231. (In Russ.) https://doi.org/10.24833/2071-8160-2013-2-29-228-231
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