Kenya has just taken a calculated risk that paying more than 10% on a new international bond is worth it to avoid a default later in the year, even though history is littered with examples of this kind of gamble ending in tears.
Kenya has just
taken a calculated risk that paying more than 10% on a new
international bond is worth it to avoid a default later in the
year, even though history is littered with examples of this. -February 13, 2024 at 11:42 am EST
- MarketScreener
Restructuring efforts for defaulted countries could reach a breakthrough before year-end as talks continue, while the finances of nations like Pakistan and Egypt will also be under scrutiny when policymakers and asset managers gather for the World Bank and International Monetary Fund’s annual meetings in Marrakech next week