Debt Management News Archive

20-Apr-2009

 

  • PDMS focuses on risk management (Daily News)
    This year, the country?s Public debt Management Strategy (PDMS) will focus on effective implementation of risk management techniques and scenario models to operationalise the strategy.


  • Correa May Give Ecuador Plan for $3.2 Billion in Defaulted Debt (Bloomberg)
    April 20 (Bloomberg) -- Ecuadorean President Rafael Correa may unveil an offer today to holders of $3.2 billion in defaulted bonds, a restructuring he says could include a discount of about 70 cents on the dollar.


  • Legislation would set rules for debt management services (Hibbing Daily Tribune)
    If you find yourself floundering in debt because of a job loss, unexpected medical expense or garden-variety unwise purchases, a broadcast ad that promises a way to pay off your debt at between 10 and 50 cents on the dollar owed might sound like a godsend.


  • Nigeria: Debt Trap Persists - Country Pays $1.5 Billion in Two Years (AllAfrica.com)
    Several years after this country was supposed to have exited from the international debt trap, the Federal Government spent $1.486 billion to service the nation's foreign debt in 2007 and 2008, a document obtained from the Debt Management Office (DMO) at the weekend has shown.


  • Pottsgrove School Board votes to refinance $9M debt (The Mercury)
    LOWER POTTSGROVE ? The refinancing of more than $9 million of debt will save the Pottsgrove School District nearly a quarter of a million dollars.


  • Nigeria Limits Foreign Borrowing to 45% of GDP, ThisDay Says (Bloomberg)
    April 20 (Bloomberg) -- Nigeria pegged foreign borrowing by government to a maximum of 45 percent of the gross domestic product, ThisDay reported, citing Abraham Nwankwo , Director- General of the Debt Management Office.


  • Debt Settlers Offer Promises but Little Help (The Sarasota Herald-Tribune)
    Debt settlement companies claim they help both creditor and consumer by bridging the abyss between them, but the firms often manage to please no one.


  • Philippines Tan Says Overseas Debt Sale an Option (Update2) (Bloomberg)
    April 20 (Bloomberg) -- The Philippines may consider a second overseas debt sale in 2009 and will boost local borrowing to fund a higher budget deficit, Treasurer Roberto Tan said.


  • Bajnai Pledges Spending Cuts in Hungary Crisis Management Plan (Bloomberg)
    April 20 (Bloomberg) -- Hungarian Prime Minister Gordon Bajnai , in office for less than a week, laid out a crisis management plan involving deep cuts in spending and tax changes to avert an ?unstoppable decline.?



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