According to Estonia’s balance of payments published on Thursday, the current account surplus ratio to GDP was 4.6% in 2009, reported the Bank of Estonia (Eesti Pank), writes LETA/Postimees Online.

(more…)

Union Investment Privatfonds, Germany’s third-largest money manager, favors bonds sold by developing nations with active local investors in foreign debt on concern the global new-issues market will be “overcrowded.” …

(more…)

The rule states: To avoid a default, countries should maintain hard-currency reserves equal to at least 100 percent of their short-term foreign debt maturities.

(more…)

LAGOS (AFP) Nigeria’s foreign debt rose by about 87 million dollars to just under four billion dollars in the last quarter of 2009, Junior Finance.

(more…)

Democracy Now: Voters in Iceland Reject Payment of $5.3 Billion Foreign Debt .

(more…)

It is an important market signal we have on account of external risk assessment.” He said Iceland had enough foreign exchange reserves to cover external debt repayment — around 1.7 billion euros of debt repayment is due in 2011/2012. …

(more…)

Foreign debt , banned in real estate, is finding its way into property firms as bankers and lawyers help builders cobble together new deals to raise.

(more…)

Iceland’s voters overwhelmingly rejected a deal to pay billions of dollars it owes to the United Kingdom and the Netherlands, the Foreign Ministry said.

(more…)

Voters in Iceland went to the polls Saturday for a national referendum on how to repay billions of dollars the country owes to the United Kingdom and the.

(more…)

Iceland is bracing for a public backlash against the use of taxpayer money to pay its international debts — the latest stumbling block in the tiny.

(more…)