Mahama Gives Haircut

It was here anymore, so before foreign, it's better say why is we are famous foreign foreign foreign foreign? What is it hey? It is, there will not be a friend say haircuts. There will not be haircuts, it is far from that in banking and finance. Um said there will not be haircuts, no and not ministers, say um. There will not be haircuts, but sunny park, Jose debt restructuring, and yet they are true foreign moonlight video. No, I'm also um, yes, because foreign foreign foreign, yes, oh yes, yeah still. Now, because you know foreign day in day out, the economy of Ghana is suffering a problem: hey foreign foreign in time in an antiquity dear politician or any ideas, foreign. What to say in Europe, true political or cool means 40 years, but before yeah, yes, selfish, yeah, you're, selfish, yeah, yeah, yeah yeah. We are naturally born thieves. Now you come and meet a different group of ghanaians foreign wedge minty re, yes, foreign foreign, foreign, foreign, foreign, foreign, haircuts, foreign monetary fund, Walmart. I don't care about any copyright issues, knowledge, hello. I am yellow and I'm a lawyer at IMF hi, I'm German settlemaya and I am an economist at the IMF in order to fight covid-19 and support those hit by the crisis. Governments around the world have borrowed large amounts of money as a result. That levels are at historic highs. This mountain government, debt or sovereign debt brings up an interesting question. What happens when a country can pay what it owes when the country is no longer able to service its debt? There are two possibilities. In some cases, the government can solve the problem by undertaking economic reforms and fiscal adjustment, while asking the IMF for a loan to cover its deficit. In the meantime, this works when the debt problem is limited or temporary. In other cases, when the needed adjustment to solve the debt problem is just not economically or politically feasible, we say that the country's debt is unsustainable. The debtor government then needs to approach its creditors and asked them to renegotiate the terms of their payments. A process called sovereign debt restructuring. What is the imap's role in this? First, let's look at what the IMF can't do. Only the debtor government itself can decide on a debt restructuring. The IMF is not involved in the debt restructuring decision or the negotiation with creditors. Restructuring talks are very complicated, so what the IMF can do is to give the parties a place to start talks and help them overcome five of the biggest challenges to that restructuring challenge. One procrastination: restructuring is painful for both the debtor and its creditors. Governments often hesitate to announce that they want to renegotiate their debts because they don't want to scare off future lenders, but economic problems only get worse. The longer countries wait to address them. At some point. The country will have difficulties obtaining New Market Finance. In such a situation, countries typically turn to the IMF for a loan, but the INF can only lend to countries that have sustainable debt or that are taking credible steps to renegotiate their debts with their creditors. This incentivizes the debtor government to start the process of restructuring. Sooner rather than later, the Second Challenge is a country's lack of financing. When a country is renegotiating its debt, it typically has no access to financing from private lenders, but it needs financing to prevent disruptive Cuts in government expenditures or sharp rise in taxes to help the IMF can extend a loan to the government. Again, the IMF can only lend to countries addressing their debt problems. The third challenge is something called asymmetric. Information is only the debtor knows how much it owes to all creditors and how much of its debt it can afford to pay back. This can see is a asymmetric. Information is metric, asymmetric information, big information, it's only the debtor knows how much it owes to all creditors and how much of its debt it can afford to pay back. This can create distrust with creditors to prevent talks from becoming a poker game. The IMF helps by laying the cards on the table from the start carries out a thorough evaluation of the country's debt situation and the extent to which realistic policy reforms might restore the country's ability to pay its debts. This leads to an estimate of the minimum debt relief that the country needs, which serves as a benchmark for negotiations. The fourth challenge: a lack of commitment for a country to receive that relief. It'S important that it commits to addressing the policies that led to a buildup of unsustainable debt in the first place, even after they get relief. That is why IMF lending is set up to hold the debtor to its promises. The IMF structures is long so that it's not a lump sum upfront. Financing is paid out in trenches over time only when the government needs specific reform Milestones. The fifth challenge comes from a lack of coordination among private and sometimes public sector creditors. The government will have various creditors pursuing their own strategies in TED Talks. So what happens if some of those creditors refuse a deal? The others want to accept here. The IMF helps in two ways. First, when a country is renegotiating its debts, the IMs will only lend to it if it's renegotiation strategy is designed in a way that is likely to lead to high creditor participation. This requires careful creditor coordination. Second, the rules for one the imath to lend require the country to negotiate in good faith where the creditors it fails to pay and as long as the country does it, creditors cannot block an IMF loan. This creates an incentive to strike a deal with the debtor. In addition, the IMF promotes the use of Clauses in a debt contract that helps prevent a minority of creditors from blocking a debt restructuring. Together, these policies create incentives for all parties to cooperate, even with the IMF working to facilitate a sovereign debt restructuring. It can be a time-consuming, highly complex process, but at least the IMF can give the two sides a place to start and incentives to find a solution. Foreign issues just because information, IMF, any Ministry minister. No any Ghana by Echo back and forth because of asymmetric information, asymmetrical information now or kind with medicro, when the data, what did or information ACA creditors? No? No because foreign foreign foreign or conceal some of the information, the financial history no or the BCA? Yes, sir or say um until one other video now, but who said in restructuring anytime a country steps on the path of restraction. What comes in is haircut. So, as a minister nikachu said, there wouldn't be any haircut or boy if there will not be any haircut and then it means that there should be no. There should be no restructuring restriction in the same foreign foreign foreign foreign. There will be some haircut on some principles: former finance committee or parliamentary Member of Parliament um, some haircuts on principles principal as an indeed us now, yeah scientist, Council, 81 or principiano haircut, two, so only ten thousand Ghana cities in the koi, Saudi Investment or Data Bank S Ten Thousand Years: okay, okay, ten thousand hours when it happened, or if it happens like this, there has been a haircut on what on your investment, add India says it's also calculated as part of usika. In this year, foul profit margin. You follow interest Noah, yeah um. The same thing is from the original meaning or the basic meaning, the same thing: investment money, Bank, no mismanagement in a case of natural hair. No, the barber! No Ms management, haircuts apart from to the level of understanding, is foreign foreign for money because of a new management. Um haircut, foreign foreign foreign foreign, on popular wouldn't, say God, is love, is dkm DK, Martin Kidley 2020 election campaign. There will be a Godless love. Someone into Ponzi schemes - hey number one, where your NP penis solid, um foreign foreign foreign, will be populous political ideas or policies no young dropping. Now, if we want to go if the country wants to go to its creditors for restraction of the debts, yeah and we'll say, yeah videos, debt restructuring, explained debt. Restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity, so that it can continue its operations replacement of old debt by new debt. When not under financial distress is called refinancing, out-of-court restructurings, also known as workouts, are increasingly becoming a global reality. Debt for Equity, swap in a debt for Equity, swap a company's creditors generally agree to cancel some or all of the debt in exchange for equity in the company. Debt for Equity deals often occur when large companies run into serious financial trouble and often result in these companies being taken over by their principal creditors. This is because both the debt and the remaining Assets in these companies are so large that there is no Advantage for the creditors to drive the company into bankruptcy. Instead, the creditors prefer to take control of the business as a going concern. As a consequence, the original shareholders stake in the company is generally significantly diluted in these deals and may be entirely eliminated. As is typical in a chapter 11 bankruptcy bondholder haircuts, a debt for Equity swap may also be called a bondholder haircut. Bondholder haircuts at large Banks were advocated as a potential solution for the subprime mortgage crisis by prominent economists. If the key issue is Bank, solvency converting debt to equity via bondholder haircuts presents An Elegant solution to the problem. Not only is debt reduced along with interest payments, but Equity is simultaneously increased. Investors can then have more confidence that the bank and financial system more broadly, is solvent. Helping unfreeze credit markets, taxpayers do not have to contribute dollars and the government may be able to just provide guarantees in the short term to buttress confidence in the recapitalized institution. For example, Wells Fargo owed its bondholders 267 billion dollars. According to its 2008 annual report, a 20 haircut would reduce this debt by about 54 billion dollars, creating an equal amount of equity in the process, thereby recapitalizing the bank significantly informal debt repayment agreements, most defendants who cannot pay the enforcement officer in full at once, enter Into negotiations with the officer to pay by installments, this process is informal but cheaper and quicker than an application to the court. Payment by this method relies on the cooperation of the Creditor and the enforcement officer. It is therefore important not to offer more than you can afford or to fall behind with the payments. You agree. If you do fall behind with the payments and the enforcement officer has seized Goods, they may remove them to the sale room for auction s. Huge numbers, plethora of them huge, huge numbers, videos and then foreign, but Ghana, foreign who always go through the mail to cross-check every cross, every phrase and every agent uh adverb, adjective collocations. What have you all the literary devices and all the whatever beers you guys do? Not want to behave like the Christians of barrier, you, don't you, don't swallow everything and Koto Kevin Taylor. I mean you, you swallow it hook. Line and sinker no go and cross-check say restriction. Haircut name quotes, don't be Bamboozled, don't be deceived, don't be deceived by Miriam MIT Massachusetts, Institute of Technology, your ability to read and understand foreign foreign foreign. I brought many evidence. May the video evidence from IMF or more lawyers? Yes, we admit, say Global issues see, but before those the global issues, no there were home home issues head on and some people who have been appointed and they take taxpayers money every month that they are working, but they one. I don't know whether it was the relation of their Duty. I don't know whether they intentionally decided to share their responsibility. I don't know whether it is reckon recklessness on their part. I don't know whether it is an Intelligence on their past. I don't know whether it is shared stupidity or super incompetence to the highest level to the highest exponents, I'm not interested Finance. Minister, the fact that said. Ah, your friend saying pitch side the fact that I'm not part of those who are the pitch side controlling the Affairs on the pitch doesn't prevent me from commenting on how pate traps the ball, how he lays his passes and what have you? I have every right to comment about how party traps ball, how he breaks balls, how he he dazzled and dashes with the ball. I have a right to comment because Pate is representing Ghana, not all of the populations it is assumed. It is implied that is so anytime you appointed as a finance minister or any portfolio you, the citizen, the one the politicians call ordinary citizen just understand that any time Minister now also come on foreign. What'S the dimension, I say what to say: yes, one panel crit or minor porno Corinthians, with this kind of mentality, our bread. I bred the union because Francis hockey Minya Moses me zero, two, four zero, two, five, eight, two, six nine! You know before your friends and qualify at the bar Premiership Joseph ham. What is most of the strikers of Master Ghana? This you know? Oh no DP instas qualify a buy or qualified by Anna Barbara Stadium sports sports. That was two thousand and something oh baby. Yeah yeah, I said yeah, it would be an accountable. I know ba Stars. I know before now be a h. A friend say: look at that is, yes, be a Stars: United Local Derby, hey one of the hottest local Derby right, El Clasico, United foreign foreign from WhatsApp. Why uh almost a a credit BCAA, you know Indiana why or see what is because foreign foreign foreign? Thank you yeah. That'S it yeah, I'm not quite a classic for me um. I I I'll see the number again zero. Two: four: zero: two five, eight two, six nine babies, foreign years to bank I buy every car buying energy pragmatically solution is going and more and more here, yeah foreign foreign. I don't know foreign foreign foreign foreign foreign plots how to cultivate tomatoes, foreign foreign, how to cultivate Tomatoes? How to commit this now dear and yet easy to say: yeah you have to make sacrifice. Iphone Seeker will be to Ghana, um foreign foreign, a capital intensive. It has to be a capital intensive, yes and laborious already established individual yeah and poetry. They are susceptible, they are susceptible to all. Manner of infections and diseases, treating poetry, especially they owe takes. You know any easy. It sucks how many times now? What is a good browser? Um foreign, my friend, um foreign, this time me all the time, foreign foreign foreign videos don't lie, I'm Maria one brother, Ike Brothers. It is very true: it costs a lot of money to feed poultry, a necra, poetry, feed, no and virtually imported, because it needs feed formulation plant, be our s here. I know what I'm talking about the easiest way: senior religion, you invest in pigs, pigs, but most of the feed. You know, locality, Cinema now, local, we see beyond the Philippines and on the only disadvantage and say on me a prolific yes prolific Strikers or my results. Will be a prolification, huge or great numbers of results, depending on the geographical location, you put into consideration the faith, the belief systems, business, these things, don't work for businesses to thrive. Foreign foreign yeah, exactly is is a fantastic question. If politicians are all the same and you are clamoring for a new Force, aren't you also a politician, and so if a and b are politicians and the same and C2 is a politician, why can't we equate A and B to C? That'S it currently, once you also become a politician, you also be like them different from them exactly. This is a fantastic explanation. All politicians are the same, and so it's not politicians, foreign foreign foreign. You go back to your roots and what is your root? Agriculture? You? Don'T just go into agriculture, say: okay, invested in Kenya, oh nipplebacku means foreign foreign, foreign NDC president and yes, foreign. This time you know what's the problem now, it is only an experienced hand any bit me and boy. So what about that? You know what experiences you see. There are certain things Beyond. Why am I politician, foreign foreign foreign foreign foreign went to me, foreign foreign, to man, the economy of Ghana, for us, foreign, foreign, foreign,