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Argentina Completes Debt Swap

Jun 3, 2005

Argentina paid about $680 million in interest on new bonds issued as part of a $104 billion debt swap, concluding the...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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