Roughly two-thirds of Haiti’s total debt was canceled Tuesday when three organizations that provide financial assistance to poor countries announced they’re forgiving $1.2 billion of what the Caribbean country owes.
Cemex Proposes $14.5 Billion Debt Restructuring Plan (Update1) (Bloomberg)
June 30 (Bloomberg) — Cemex SAB , the largest cement maker in the Americas, submitted a proposal to creditors that aims to extend maturities on $14.5 billion of debt.
US, Indonesia sign debt for nature agreement (AFP via Yahoo! News)
The United States and Indonesia signed an agreement in which the largest Southeast Asian nation will commit to protect tropical forests in return for reduced debt payments to Washington, officials said Tuesday.
US cuts Indonesian debt for forest protection (AP via Yahoo! News)
Indonesia committed to the conservation of its dwindling tropical forests in a multimillion dollar debt-swap deal signed Tuesday with the American government, the U.S. Embassy said.
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