Tag: Paris Club

• Wednesday, June 23rd 2021 - 09:46 UTC

  Argentina skips default thanks to agreement with Paris Club

  

  Argentina's Economy Minister Martín Guzmán Tuesday announced that the Paris Club had agreed to give his country until March 31, 2022, to pay the US $ 430 million in instalments while the rest of the debt is renegotiated.

• Friday, August 7th 2020 - 09:25 UTC

  Argentina planning for a new program agreement with the IMF by end of March

  

  Argentina aims to reach a deal with the International Monetary Fund over a new financing program before the end of March, a time frame that Fund veterans say is realistic if both sides show commitment. The news was reported by the economic media from Buenos Aires.

• Friday, July 19th 2019 - 09:55 UTC

  Loans from Russia and China to Venezuela will be renegotiated through the Paris Club, says Guaidó

  

  Loans to Venezuela from President Nicolas Maduro's allies Russia and China would be renegotiated through the Paris Club if Maduro leaves power, an advisor to the opposition said, responding to concerns about favorable treatment for the two countries.

• Saturday, July 1st 2017 - 18:18 UTC

  Cuba, Australia pledge to strengthen economic cooperation

  

  Cuban Foreign Minister Bruno Rodriguez Parrilla and his Australian counterpart, Julie Bishop, Friday signed a memorandum of understanding whereby both countries will strenthen their economic ties.

• Friday, August 1st 2014 - 08:33 UTC

  US calls on Argentine government to seek 'practical solutions' with holdouts

  

  Kevin Sullivan, US interim ambassador in Argentina affirmed on Thursday that the country must seek “practical solutions” with the 'holdouts' or the so called vulture funds over defaulted bonds.

• Tuesday, July 29th 2014 - 05:27 UTC

  Griesa eases bond payments agenda; Argentina complies with the Paris Club

  

  New York judge Thomas Griesa has confirmed that the Citigroup bank will on a one-off occasion be permitted to process payment on Argentine bonds held under Argentine law, which form part of the titles restructured following the default of 2001.

• Tuesday, July 1st 2014 - 23:57 UTC

  Argentina's Paris Club and Repsol debt deals possible accord path, hint holdout funds

  

  One of the holdout hedge funds involved in the lawsuit against the Argentine government over pending debt from the 2001 bonds default, pointed out on Tuesday that the agreements struck by Argentina with Spanish oil and conglomerate Repsol and the Paris Club are good examples for the basis of an eventual understanding.

• Friday, June 27th 2014 - 07:30 UTC

  Argentina praises international support and confirms payment to Paris Club

  

  Cabinet Chief Jorge Capitanich praised the “clear, categorical and broad” support for Argentina’s stance in its dispute with speculative funds' holdouts from 133 countries from the UN system and specialized international media, and also confirmed that next month it will make the first payment of the agreement reached with the Paris Club.

• Monday, June 9th 2014 - 06:10 UTC

  US Embassy praises Argentina: says 'investment climate has started to change'

  

  The United States Chargé d'Affaires at the Embassy In Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.

• Monday, June 2nd 2014 - 07:33 UTC

  Argentina confident US Supreme Court will take its litigation case with hedge funds

  

  President Cristina Fernandez administration has high hopes that the US Supreme Court will take its long running litigation case with holdout hedge funds that refused to accept sovereign debt rescheduling after Argentine defaulted in 2001.