Uruguay's liquidity defenses expensive, but "worth having"

Uruguay's liquidity defenses expensive, but "worth having"

Bonds

A drive to increase long-term liquidity, achieved through an intensive focus on liability management and a series of contingent credit lines with multilateral lenders, is an insurance policy "worth having", Uruguay’s debt management director told LatinFinance. Yet, Azucena Arbeleche acknowledged that it "can be expensive". The country has engaged a policy of buying back short term debt and maintaining liquid longer-term benchmarks, such that it has cash on hand of close to 4 points of GDP. It ha

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial