The renegotiation of the terms of existing debts The term is usually used with reference to LDC debt The term rescheduling is considered to be refinancing to avoid any implication of default Major sovereign debt rescheduling for Brazil, and Mexico have been undertaken in recent years
The re-negotiation of the terms of existing debts The term is usually used with reference to LDC debt The term rescheduling is considered to be refinancing to avoid any implication of default Major sovereign debt rescheduling for Brazil, and Mexico have been undertaken in recent years