January 26, 2021

Puerto Rico Defaults Again

Gov. Alejandro García Padilla has announced that Puerto Rico’s Government Development Bank would default on most of the $422 million payment currently due on the U.S. territory’s debt. As Puerto Rico’s debt crisis evolves and Congress looks for ways to improve draft legislation addressing the crisis, the Government Development Bank default can inform observers’ understanding of […]

IMF AND WORLD BANK MOVE TO FORESTALL OIL-LED DEFAULTS

Officials from the International Monetary Fund and the World Bank are heading to Azerbaijan to discuss a possible $4bn emergency loan package in what risks becoming the first of a series of bailouts stemming from the tumbling oil price. The Baku visit, which follows a currency crisis triggered by the collapse in crude, comes amid […]

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