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Uruguay to Buy Back $240m in Global, Local Bonds

Dec 11, 2007

Uruguay has agreed to buy back the equivalent of $116m of dollar and Euro-denominated sovereign debt and $124m of local government debt....

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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