January 24, 2024/US SEC Thank you, Chair Gensler, and thank you to the staff for your presentations. Today, the Commission considers a lengthy adopting release of nearly 600 pages that extensively describes numerous disclosure, dissemination, forward looking statement, liability, and accounting provisions purportedly designed to advance investor protection and facilitate […]
OPINION/EDITORIAL
Ensuring Basic Protections: Special Purpose Acquisition Company Rule Adoption
January 24, 2024/US SEC By Commissioner Caroline A. Crenshaw The Special Purpose Acquisition Company, or SPAC, boom has cooled. Cooled in the sense that in the years 2020 and 2021 we saw 248 and 613 SPAC initial public offerings, or IPOs, and in 2023 we saw 31 SPAC IPOs.[1] Yet […]
How to Ease Rising External Debt-Service Pressures in Low-Income Countries
Credit: Kim Haughton/IMF Photos Debt servicing costs are increasing rapidly while annual refinancing needs have tripled to about $60 billion January 24, 2024/IMFBlog Allison Holland, Ceyla Pazarbasioglu As 2024 starts, the good news is that there haven’t been any notable requests by a low-income country for comprehensive debt relief since […]
