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This profile was automatically generated using 65 references found on the Internet. This information has not been verified. Learn more...
This profile was automatically generated using 65 references found on the Internet. This information has not been verified. Learn more...
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1. www.atimes.com
www.atimes.com/atimes/Global_E - [Cached]Published on: 2/28/2008 Last Visited: 3/3/2008
The banks killed even a relatively weak "sovereign debt restructuring mechanism" akin to the US Chapter Eleven to provide some maneuvering room to developing countries undergoing debt repayment problems, even though the proposal came from Ann Krueger, the conservative American deputy managing director of the IMF. -
2. Jubilee Research: Jubilee Framework for international insolvency
www.jubileeresearch.org/analys - [Cached]Published on: 4/10/2006 Last Visited: 2/7/2008
This report shows that, contrary to the assertion of Ms Kreuger of the IMF, the Jubilee Framework could be put in place immediately to resolve the crisis in Argentina.
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Anne Kreuger, second-in-command at the International Monetary Fund, floated one of the most radical changes to international finance in a generation, with no prior warning, at a dinner in Washington, late on Monday night."
Financial Times, reporting on the IMF's proposal for a bankruptcy plan, 29 November, 2001.
In dropping her bombshell that night in November 2001, Ms Kreuger proved our critics wrong - the IMF, under a new management, are willing to consider major changes to the international financial architecture so that the resolution of debt crises is carried out ‘in a fair and transparent way.'17 Above all, she demonstrated that we were far from alone in our bold and innovative thinking.
Unknown to us, as far back as 1995, powerful central bankers were expressing dismay at the debacle of Mexico's debt crisis and the cost of the IMF's subsequent bail-out of Wall St. investors.
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As Ms Kreuger of the IMF explains: ‘In 1997 Elliott Associates bought $20 million of commercial loans guaranteed by Peru.Rather than accepting the Brady bonds offered when Peru tried to restructure its debt, Elliott demanded full repayment and interest.In June, 2000 it obtained a judgement for $56 million and an attachment order against Peruvian assets, used for commercial activity in the US.Elliott targeted the interest payments that Peru was due to pay to its Brady bond holders who had agreed to the restructuring.Rather than be pushed into default on its Brady bonds, Peru settled.' From the speech cited above: A new approach to sovereign debt restructuring, 26 November 2001.
11 Ms Anne Kreuger, as above, page 7, para 2.
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12 Ms Anne Kreuger, address given at the Indian Council for Research on International Economic
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16 Speech by Ms Anne Kreuger, 26 November, page 6, para 1.
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17 Address by Ms Anne Kreuger, given at the Indian Council for Research on International Economic Relations, Delhi, India, December 20, 2001.
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22 ‘International Financial Architecture for 2002: A new approach to sovereign debt restructuring,' address by Anne Kreuger, First Deputy Managing Director, International Monetary Fund, given at the National Economists' Club annual Members' Dinner American Enterprise Institute, Washington DC, November 26, 2001. -
3. www.missnebraska2006.org
www.missnebraska2006.org/About - [Cached]Published on: 1/1/2006 Last Visited: 3/27/2007
NYU EHS with Anne Kreuger, Acting Director of the International Monetary Fund, 2004

