Fresh Start?: Peru's Legacy of Debt and Default (A) Case Solution
This case on Peru contemplates the situation facing Alberto Fujimori as he takes office in 1990. IT Pays particular attention to the long history of Peru of international borrowing, default, and renegotiation.
This history suggests that the costs imposed by foreigners on Peru when it failed to meet its contracts with foreign lenders have been comparatively moderate. Furthermore, it discusses the management of Alan Garcia, who limited payments on Peru's international debt while also leading his nation into an inflationary spiral. Also discusses some of the challenges posed by a bloody insurgency group named Sendero Luminoso.
This is just an excerpt. This case is about GLOBAL BUSINESS
PUBLICATION DATE: July 15, 2002
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