The Organization of American States (OAS) voted on Thursday to support Argentina’s position against holdout investors, as well as expressing concern over what the entity called “the behavior of speculative agents that affect global financial stability.”
The Argentina litigation with holdout hedge funds will have an additional ingredient this Monday when the Organization of American States, OAS, Permanent Council holds an extraordinary session, on a special request from Argentina, to consider a consultation meeting of foreign ministers to address the issue of sovereign debt restructuring.
Former Falkland Islander Alejandro Betts was awarded on Friday an Argentine DNI and passport, with his alleged Falklands address, at an official ceremony at the Argentine UN embassy office in New York.
Argentina received strong support on Thursday at the United Nations Special Committee on Decolonisation (C24), which met in New York to discuss the Malvinas Question, according to a release from the Argentine embassy in London.
Argentina will be making its case claiming sovereignty over the Falklands/Malvinas Islands before the UN Special Decolonization Committee, C24, on Thursday morning. Two petitioners will support his presentation: a descendent from Luis Vernet and Falklands born Alejandro/Alexander Betts.
Foreign minister Hector Timerman is heading a multi-party delegation that on Thursday will make the presentation of Argentina's position on the Falklands/Malvinas Islands sovereignty dispute before the UN Decolonization Committee in New York.
Argentina’s bond fight against holdout hedge funds will reach the United Nations headquarters on Wednesday when Economy Minister Axel Kicillof addresses the G77 plus China 134-nations plenary on Argentina's debt restructuring process.
Argentine foreign minister Hector Timerman said that the pulp mill dispute with Uruguay is 'political' and wondered how great is Finland's' Botnia-UPM influence in the country, but at the same time underlined that all chances of dialogue have been 'exhausted'.
The lasted chapter of the resurgent diplomatic conflict between Argentina and Uruguay was not addressed during a brief encounter of presidents Cristina Fernandez and Jose Mujica in Bolivia where they attended the G77 plus China summit over the weekend.
Argentina reacted strongly and with a letter in harsh terms to Uruguay's decision to authorize Finland's UPM-Kymmene pulp mill to increase annual production by 8%. The letter addressed by Foreign minister Hector Timerman to his peer Luis Almagro informs Argentina will take the case to international tribunals and is currently 'reassessing' bilateral relations.