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NotiCen PDF file 1996 right arrow Jul

Panama Signs Commercial Debt-Reduction Agreement

LADB Article ID: 55599
Category/Department: Panama
Date: 1996-07-25
By: LADB Staff

In April, Panama reached a debt-restructuring agreement that will substantially reduce its medium- and long-term commercial obligations and extend the repayment period to 30 years. Government officials and members of the international banking community say that the arrangement will help pave the way for completion of President Ernesto Perez Balladares's economic restructuring plan.

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