Citi Executive Backs Pause Clauses for Emerging-Market Debt

Citi Executive Backs Pause Clauses for Emerging-Market Debt

(Bloomberg) -- A senior banker at Citigroup Inc. said lenders need to accept so-called pause clauses to let struggling sovereign borrowers temporarily halt debt payments if they’re hit by a catastrophe.Most Read from BloombergTitanic Sub Crew Dead After Vessel’s Catastrophic ImplosionThese Are the World’s Most (and Least) Liveable Cities in 2023Five-Star Hotel Guest Leaves Without Paying After 603-Night StayUS Navy Detected Titanic Submersible’s Implosion Days AgoUS Treasury Secretary Yellen See

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