|
In November Uruguay committed to clearing its balances with the IMF earlier than required, announcing its intention to repay its remaining balance of $1.1 billion sometime next year. The remaining debt was not due to be repaid until 2008. This follows two other early repayments, made in March and July. Uruguayan economy minister Danilo Astori said that the decision marked the beginning of a new phase in his country's relationship with the IMF. The repayments will likely be financed by new sovereign bond issues. The IMF welcomed both the early repayment announcement by Uruguay and the completed early repayment by Indonesia. This text may be freely used providing the source is credited. This page is: <http://brettonwoodsproject.org/art.shtml?x=545906> Published: 23 November 2006 , last edited: 15 December 2006 Viewings since posted: 1638 |
Articles: 2339 Special coverage of Bretton Woods II, updated daily with the latest news and analysis: www.brettonwoodsproject.org/BW2/ Newswire |
home | subscribe | donate | search | help | contact
RSS.91: highlights | newswire |
validate: | XHTML | CSS | RSS | 508
powered by Action Apps | hosted by GreenNet | Credits
