The gain to mexico from swap program

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Jose Angel Gurria, Mexico's chief debt negotiator and the architect of its swap program, questions the gain to Mexico from its swap program: "The latest restructuring package on our debt gives us 20 years to repay principal with no principal payments for seven years. So why are we giving money away? Why pay 88 cents for debt & is worth only 60 cents?" Comment on Senor Gurria's statement.

Reference no: EM1359393

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The gain to mexico from swap program : Jose Angel Gurria, Mexico's chief debt negotiator and the architect of its swap program, questions the gain to Mexico from its swap program:
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