The Techniques of Market Access — Federico Sequeda

Send us a text

What does it actually mean to "restructure" debt?  Federico Sequeda, a portfolio manager at Morgan Stanley, discusses the intricacies of default with our CEO Rasheed Griffith. No two restructurings are the same and we get to the bottom of the how and why behind the hard conversations Caribbean governments find themselves in to attempt fiscal correction.

The region is no stranger to default.  A dearth of foreign investment and a glaring lack of projects to invest in may be to blame. Coupled with a faltering reputation due to lapses in accountability and a failure to produce attractive products and services on the international stage, the region finds itself struggling to compete.

Federico argues that the Caribbean should take steps to attract more private foreign investment (FI) such as making more information on the health of the business landscape readily available. He gives some insight into the informal world of "roadshows" and how countries present themselves to be more lucrative to foreign investors.

The governments of the Caribbean find themselves locked out of international lending markets after restructuring because they have abandoned their responsibilities: internally to fiscally course correct, and externally to diversify their sources of funding.
Harmful rhetoric from leaders can also potentially scare off valuable FI.

Join us for an exciting dive into this important reality for the region on this episode of Caribbean Progress.

Recommended Reading
Sovereign Defaults:  The Price of Haircuts by Cruces and Trebesch

Follow the Caribbean Progress Studies Institute on Substack