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Argentina Restructuring Woes Set to Linger

Oct 26, 2009

Argentina is keen to put debt problems behind it and get back to issuing bonds, but its latest plan to retire holdout debt is seen taking months and achieving only partial success. According to news reports, economy minister Boudou expects to close the transaction in 45 days. “We think that it will be very difficult to close the transaction so quickly;...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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