November 6, 2006
Argentina and Spain are to sign an agreement by the start of December setti
Argentina and Spain are to sign an agreement by the start of December setting out the repayment of Argentina's $960 million debt to Spain. According to Spain, the Latin American nation will repay the debt by 2012. The debt forms part of the $6.5 billion still outstanding to the Paris Club group of lenders. The announcement of the forthcoming agreement was made at the Ibero-American Summit held in Uruguay following meetings between the two countries.