Home / Daily Briefs / 2022 / 1 / Argentina gets more time to pay Paris Club

Argentina gets more time to pay Paris Club

Argentina gets more time to pay Paris Club

June 1, 2022 | Charles Newbery
South America's second largest economy now has until September 2024 to pay back a $2.45 bln loan

Corporate & Sovereign Strategy Economy & Policy Loans International Monetary Fund (IMF) International Financial Institutions Argentina

Argentina announced Tuesday that it reached an agreement to extend the deadline for repaying a $2.45 billion loan to the Paris Club of lending nations for another two years, gaining the government time to return the economy to sustainable growth and shore up public finances. The sovereign now has until September 30, 2024, to pay back or refinance the loan, according to a presidential decree. As part of the agreement, the government said it may make partial payments on the debt to the individual

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial