Battle-scarred Creditors Call For Reforms From LatAm Default Duo

As serial defaulters Argentina and Ecuador near the finishing line on their latest sovereign debt overhauls, foreign creditors are nervy about investing again without macroeconomic reforms and International Monetary Fund support, Reuters reported. On the surface, the prospects for both countries look brighter. Absent complicated negotiations with the IMF, a clean slate post-debt restructuring will allow them to focus on reviving their COVID-19-ravaged economies with much less concern about looming foreign debts to repay. But both governments will be painfully aware they need to woo back investor support to ensure their path to recovery - not an easy challenge given their tarnished track-records that combine for about 20 defaults. Read more