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The Brady Plan was introduced in early 1989 and offers a comprehensive debt restructuring package for commercial bank debt. Under the plan commercial lenders/creditors can chose from a menu of instruments including buybacks, discount exchanges for debt stock reduction, and par exchanges at reduced interest rates for debt service reduction.

Cross References:
Brady bonds

Statistical Theme: Financial statistics - External debt

Created on Friday, November 2, 2001

Last updated on Thursday, March 28, 2013