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Latin America’s prospects in the financial markets
- Source: CEPAL Review, Volume 1989, Issue 37, Jul 1989, p. 45 - 63
- Spanish
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- 17 Jul 1989
Abstract
Since the onset of the debt crisis, officials in both creditor and debtor nations have declared that commercial banks would resume making new loans to developing country borrowers once the debtors completed their macroeconomic adjustments and restored their creditworthiness. However, the commercial banks’ long-term business interests may no longer coincide with Latin America’s debt service and investment requirements.
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