In Mexico, the states receive funding in three different ways: local tax revenue, federal revenue sharing (Branch 28) and federal contributions (Branch 33). The local tax revenue represents a small percentage of the total state revenue, which averages 7.2% of the total revenue. Tamaulipas'...

Julieta Rossi describes how the Néstor Kirchner administration (Argentina) negotiated one of the most important debt swaps in the history of international finance. However, a court judgment in the United States of America, which held that the vulture funds could expect full repayment,...