Argentina's Economy minister Axel Kicillof gave details on Friday of the payment agreement reached with the Paris Club involving 9.7bn dollars of 2001 defaulted debt, which will open the doors to export credit agencies from the group's members and equally important signals a new attitude from the Cristina Fernandez administration.
Argentina's Vice President Amado Boudou has been summoned for questioning as a potential defendant in a corruption case, a Buenos Aires court said on Friday. The allegations date from Boudou's 2009-2011 tenure as Economy minister.
Argentina's lawyers tried on Friday to assure a US federal judge that it would not evade orders to pay 1.33 billion dollars to bondholders who refused to accept its debt-restructuring offers, if the US Supreme Court (on 12 June) declines the case.
IMF managing director Christine Lagarde touring east Africa, on Friday cautiously welcomed steps taken by Argentina to settle a decade-old falling out with creditors, following a 9.7bn dollars five year repayment deal reached this week.
Following Argentina's agreement to resolve its 9.7bn debt to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and encouraged the Argentine government to go further.
Argentine president Cristina Fernandez praised on Thursday the agreement reached with Paris Club creditors and said that the government will now turn to international credit markets to finance “infrastructure, development, and technology.”
French Finance Minister Michel Sapin praised Argentina’s agreement with Paris Club creditors, saying it highlights the country’s effort to “normalize its relations with creditors.”
Argentina was formally invited to take part in a BRICS summit to be held in Brazil next month. The Kremlin also ratified support to Buenos Aires in its long-standing dispute with the UK over the sovereignty of the Malvinas Islands.
Uruguay's vice-president Danilo Astori said that Argentina is the most protectionist country in the region and again questioned the effectiveness of Mercosur arguing that Uruguay can't forget the region but can't be expected to remain idle.
A family living in Argentina's capital, Buenos Aires needs 10.454 Pesos to make it to the end of the month, according to the city's stats and census office. The average household refers to a couple with two children, that pays rent and does not include transport, private education or health care.