Puerto Rico Debt Bill Heads for Full House Vote (tags)
The House Committee on Natural Resources voted 29-10 to approve Puerto Rico debt legislation for consideration by the full House of Representatives.
Puerto Rico Congressional Negotiations Intensify (tags)
The House Committee on Natural Resources is poised to release the newest draft of Puerto Rico legislation amid tense negotiations.
Argentina Negotiates Debt Dispute with "Holdout" Hedge Funds (tags)
Argentina begins negotiations with groups that sued the country for more than $1 billion after it's 2001 default.
United Nations Votes for Process to Create Global Bankruptcy Framework (tags)
UN Process Could Limit Default and Stop Predatory Funds
United Nations Small Islands Conference Fails to Address Major Debt and Tax Crisis (tags)
As the Third International Conference on Small Island Developing States (SIDS) continues in Samoa, the agreed upon final outcome statement fails to address the major debt and tax crises facing many of the attending countries. According to the World Bank, 10 of the 30 most heavily indebted countries in the world are small islands.
Banks and Investors Challenge Predatory Funds Solutions Fall Short of Comprehensive Prot (tags)
The International Capital Market Association (ICMA), a group of banks and investors, released a new debt framework this morning aimed at reducing the ability of predatory funds and holdout investors to undermine debt restructuring. The plan was created after meetings convened by the US Treasury Department in the wake of Greece's debt restructuring and comes in the aftermath of the landmark debt case between Argentina and NML Capital.
IMF Reviews International Financial Crises Solutions (tags)
As the IMF reviews solutions to international financial crises, religious and development groups urge reforms to protect the poor.