IMF’s Werner: Latin America must keep debt under control
Western hemisphere chief says there are some concerning signs on debt, although the risk of a systemic crisis is low; region well placed to weather Fed shock
The International Monetary Fund is keeping a watchful eye on debt levels in Latin America, which could herald trouble in some cases, says Alejandro Werner, director of the fund’s Western Hemisphere Department.
The picture is a mixed one, he explained during an interview in Mexico City on May 11. “Corporates have increased their leverage ratios and that is a concern, but on the other hand they have significantly expanded the maturity of their debt,” he said, speaking on the sidelines of Central
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