currency debt

Profound political and economic reforms underway?

July 19, 2010

Mauricio Vicent wrote in today’s El País that in the official media of Cuba there is talk of “reforms” that will be launched after August. According to sources consulted by the daily, the Raul Castro government will make ”changes,” which include: expansion of self-employment and above all the cooperativization of some services; continuation of reductions in subsidies and social [...]

Read the full article →

Sovereign ratings

August 30, 2008

The Economist Intelligence Unit’s Country Risk Service publishes regular ratings on 120 sovereigns. The ratings for emerging markets are updated monthly while those for most developed countries are updated bi-annually. The sovereign rating measures the risk of a build-up in arrears of principal and/or interest on foreign- and/or local-currency debt that is the direct obligation [...]

Read the full article →