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Back then the problem was fixed exchange rates and hefty foreign debt.
Argentina faces a different problem: investors there are worried that its slow-growing economy may not have the wherewithal to repay its hefty foreign debt.
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That gives them some reason.Moreover, in December, Nicaragua which has nasty current-account and fiscal deficits, and some hefty tranches of foreign debt falling due in the next two years—hopes to be admitted to the Highly Indebted Poor Countries Initiative and get relief on its debt of $6.3 billion.
Standard & Poor 'sraised one of its leading measures of Thailand's creditworthiness yesterday, saying hefty foreign reserves and dwindling government debt were offsetting the effects of higher global oil prices and concerns about the nation's financial sector.
Foreign debt soared.
Athens foreign debt will continue to rise.
In this section Overview Foreign debt Economy Financial markets Reprints.
Record payments to redeem foreign debt are due this year.
Hungary needs $15 billion to roll over its foreign debt.
Meanwhile, Pakistan's foreign debt must be serviced.
Much of Russia's foreign debt has been repaid.
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CEO of Professional Science Editing for Scientists @ prosciediting.com