Weekly Report - 29 July 2003

PARAGUAY: Paraguay struggles to cover arrears

Southern Cone 24 April 2007 Modified: 17 August 2003 1363 views

In agreement with incoming President-elect Nicanor Duarte, the outgoing government has asked congress to approve a US$100m bond issue to cover debt-servicing arrears plus the local counterpart of loans already granted by multilateral lenders but still undisbursed.

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