The subject of this paper is the agreement reached on July 23, 1989 which offered commercial creditors the choice to exchange old debt instruments for new instruments involving debt relief, but partially secured with collateral; or for unsecured instruments without debt relief, but with a new money commitment attached. This paper outlines the main course of economic developments in Mexico leading up to the agreement. It also provides an overview of...
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1990/06/30
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Documento de trabalho sobre pesquisa de políticas
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WPS424
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1
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1
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2010/07/01
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Mexico's external debt restructuring in 1989-90
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debt relief
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