Argentina gets extension from Paris Club

Argentina gets extension from Paris Club

Corporate & Sovereign Strategy International Financial Institutions International Monetary Fund (IMF) Economy & Policy Debt Loans Latin America South America Argentina Coronavirus

Argentine Economy Minister Martín Guzmán said Tuesday that he has negotiated a nine-month extension for the sovereign to make a $2.45 billion maturity payment on a loan with the Paris Club of creditor nations, averting a default on the debt at the end of July. Argentina now has until the end of March next year to make the payment, Guzmán said in a statement after a video call with Emmanuel Moulin, chairman of the Paris Club. The sovereign will use the time to negotiate "a more permanent restruct

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