FIRST IMPRESSIONS: CONSOLIDATION RELIEF FOR INVESTMENT FUNDS
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Governmental entities may also be dependent on expected disbursements from foreign governments, multilateral agencies and others
abroad to reduce principal and interest arrearage on their debt. The commitment on the part of these governments, agencies and others
to make such disbursements may be conditioned on a governmental entity's implementation of economic reforms and/or economic
performance and the timely service of such debtor's obligations. Failure to implement such reforms, achieve such levels of economic
performance or repay principal or interest when due may result in the cancellation of such third parties' commitments to lend funds to
the governmental entity, which may further impair such debtor's ability...
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FIRST IMPRESSIONS: CONSOLIDATION RELIEF FOR INVESTMENT FUNDS
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FIRST IMPRESSIONS: CONSOLIDATION RELIEF FOR INVESTMENT FUNDS
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