June 23, 2021 |
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
South America's second-largest economy averts default with a nine-month agreement on a $2.45 bln loan