More countries are now facing a worsening debt situation and if they embark on debt restructuring, they may face a challenge from “vulture funds”, as Argentina recently did.
This issue of the South Bulletin focuses on the battle to curb the vulture funds, and the effects these funds have had on developing countries and on global financial stability. These articles are the following:
Battle hots up to curb ‘vulture funds’
The Human Rights Council condemns vulture funds
Argentina’s vulture fund crisis – global implications
A long history of predatory practices by vulture funds against developing countries
Why we need to counter the threat from vulture funds, statement by Ambassador Alberto Pedro D’Alotto of Argentina
Other articles in the bulletin include:
Comment on IPCC’s Final Climate Report