Reprieve for Mexico
NZPA-New York Times New York Mexico and its foreignbank creditors achieved a big breakthrough in their debt negotiations during the week-end under which Mexico will be allowed to repay its debts over 14 years at a considerably lower interest rate than it has been paying, according to banking sources. By stretching the repayment period over many years, and by including all principal payments that are
due to 1990, the agreement will turn Mexico’s two-year-old international financial crisis into a more stable and manageable problem. According to the sources, Mexico would be given 14 years to repay the SUS2O billion ($4O billion) in principal that falls due during the next five years and which has not already been rescheduled. There will be a one-year “grace period” when no payments have to be made.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19840829.2.63.12
Bibliographic details
Press, 29 August 1984, Page 10
Word Count
135Reprieve for Mexico Press, 29 August 1984, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in