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Several other Centria owners have been named as major debtors.
The International Monetary Fund has been pressing Indonesia to hasten disposal of assets seized from major debtors, like the plantations and two banks whose sale was delayed last week, leading the fund to freeze $400 million in aid.
Not until 1982, when major debtors like Brazil & Mexico threatened to default-thus raising the spectre of instability within the world financial order & enormous losses for American-based multinational banks-did news about Third World debt come to be featured on the front pages of our newspapers.
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Mr. Putin is faced with a difficult decision on Iraq, a former ally and major debtor to the Russian government.
True, the weakness of the dollar has relieved the pressure on some of the Fund's major problem debtors, including Brazil and Turkey, and that is good.
City officials said that releasing the names and listing them on the Finance Department's Internet site, http://nyc.gov/html/dof/html /parkingdelinq.html, was part of a program that began last year, when the department decided to post the names of major business tax debtors on the Web.
The current crisis, caused by a systemic collapse in the financial system and compounded by major economic imbalances between debtor and creditor countries, will change the world economy.
A political scare in any of the major Asian or Latin debtor countries could upset the entire sector.
Bankers and their political allies oppose Mr. Takenaka's plan because it stands a good chance of pushing several major banks and hundreds of debtor companies into insolvency and of costing the jobs of thousands of workers, not to mention some leading bankers.
"We think it's unusual for any debtor to ignore one of its major creditor constituencies".
It arranged $1.5 billion in debtor-in-possession financing from four major lenders, including J. P. Morgan Chase, when it filed for bankruptcy protection, and it has since met the requirements for drawing on that financing.
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CEO of Professional Science Editing for Scientists @ prosciediting.com