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Undeniable Insolvency in the GDB

The bank has been virtually inoperable for two years due to the lack of payments from the government itself

8 de julio de 2016 - 8:19 AM

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This content was published more than 8 years ago.
Acosta Febo's exit ensues as the uncertainty grows regarding the functionality of a government that's undergoing a serious liquidity crisis. (Arhivo GFR Media)
Acosta Febo's exit ensues as the uncertainty grows regarding the functionality of a government that's undergoing a serious liquidity crisis. (Arhivo GFR Media)

The outgoing president of the Government Development Bank (GDB), Melba Acosta Febo, pointed out that the financial institution's insolvency justifies the debt renegotiation processes pursued by the former fiscal agent.

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