This Monday, China's offer to buy the debt of El Salvador, a pro-cryptocurrency Central American country, was announced as a measure to help refinance its external obligations.
The vice president of El Salvador, Félix Ulloa, said this week that China offered to buy the debt and thus prevent it from…
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moody’s
Banks in Europe have supported during the pandemic, but they can end badly
Ten years after emerging from the last global financial crisis, which mainly affected advanced economies, in 2020 the world has once again been plunged into serious economic problems, which have been caused by having to apply confinement…
Moody’s: Additional reserves due to the pandemic reduce profitability of Latin American banks
The creation of additional reserves due to the coronavirus pandemic and macroeconomic forecasts reduced the profitability of financial entities in Latin America, according to a report prepared by the rating agency Moody's.
The text…
Moody’s trusts Brazil’s economic reforms
Despite the political challenges that Brazil is going through, and following the approval of the social security reform last October, Moody’s hopes that the South American country will maintain its reform agenda, including the prosecutor.…