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Origins of the Brazilian Foreign Debt Burden (Part 2)

ISSN:1060-4189
LADB Article ID: 76913
Category/Department: Brazil
Date: 1987-03-19
By: Guest

In this three-part series, Brazilian journalist Paulo R. Schilling describes the historical development of his country's huge foreign debt burden, major beneficiaries and losers in the process of accumulating the largest foreign debt in the world, and the pros and cons of certain "solutions" to the debt crisis. The second part is a discussion of debt composition, i.e., what proportion of Brazil's current $110 billion debt was actually spent by the public and private sectors, and the nature of investments made with foreign loans.

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