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Bankers wince as LDCs prepay their loans.

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  • معلومة اضافية
    • الموضوع:
    • نبذة مختصرة :
      The article discusses the challenges faced by U.S. bankers concerning the introduction of international loan refinancings and prepayments for their loans to the less developed countries (LDC) in February 1978. It mentions that Brazil is the only major LDC borrower in the global financial market that decided to implement a debt management strategy of paying above-market rates for the loans. According to the author, international liquidity plays an important role in the refinancings and premature payoff of loans that the bankers acquired.