Tag: Paris Club

• Friday, May 30th 2014 - 05:11 UTC

  France praises Argentina's agreement with Paris Club and normalization efforts

  

  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.”

• Thursday, May 29th 2014 - 05:37 UTC

  Argentina announces an understanding with the Paris Club on defaulted debt

  

  Following twelve hours of discussions the Argentine delegation headed by Economy Minister Axel Kicillof managed on Wednesday to agree the main points for Argentina to overcome the approximately 9.5bn dollars default with countries that make up the Paris Club, according to late reports from the French capital.

• Tuesday, May 27th 2014 - 08:34 UTC

  Argentina in another negotiating round with the Paris Club of creditors

  

  Argentina's Economy Minister Axel Kicillof has assured that progress has been made with creditors in the Paris Club as the politician left Monday evening for France in preparation for talks with the financial institution over restructuring Argentina's debt, estimated in 9.5bn dollars.

• Thursday, March 20th 2014 - 07:11 UTC

  Argentina secures French support for its ongoing litigations with hedge funds

  

  President Cristina Fernández praised the decision by France to file an 'amicus curiae' brief before the US Supreme Court, in a show of support to Argentina in its long-standing battle against speculative fund creditors, and also secured the backing of the French government to settle a 9.5bn dollars dispute with the Paris Club.

• Saturday, March 15th 2014 - 04:51 UTC

  Creditor nations Paris Club and Argentina will begin debt discussions in May

  

  The Argentine government confirmed on Friday that the Paris Club of creditor nations have invited the country to start formal negotiations towards the end of May, apparently following on the proposal made by the Cristina Fernandez administration last January.

• Tuesday, March 11th 2014 - 06:37 UTC

  Cristina Fernandez invited to visit Europe and establish a closer dialogue

  

  Foreign Minister Héctor Timerman has revealed that the European Union has requested direct talks with Argentina, after a meeting held between President Cristina Fernández and European Commission vice-president Antonio Tajani on the sides of the official inauguration of Michelle Bachelet as Chilean president.

• Friday, March 7th 2014 - 04:41 UTC

  Cristina Fernandez wants France to lobby before the Paris Club

  

  President Cristina Fernandez is expected to visit France for the opening of Paris Book Show, with a great display of Argentine culture and conferences, but most important she will be meeting on 19 March with her peer Francois Hollande to strongly lobby for a better deal with the Paris Club for the payment of a defaulted debt of 10bn dollars dating back to 2001.

• Tuesday, February 25th 2014 - 04:21 UTC

  US embassy support for Argentina's move to orthodox economics

  

  The US embassy's business adviser in Buenos Aires, Kevin Sullivan, has welcomed negotiations between the Argentine government and Spanish corporation Repsol over the expropriation of YPF, as well as further talks with the Paris Club over the payment of outstanding debt commitments.

• Monday, February 10th 2014 - 03:42 UTC

  “Argentina's economy on the right course” K ambassador tells the Washington Post

  

  Argentina's reactions to the country's image in the US and particularly that of President Cristina Fernandez administration economic policies have not ceased. This time it was ambassador before the US government, Cecilia Nahón who strongly replied the terms of an editorial from The Washington Post anticipating “Argentina's coming collapse”.

• Thursday, January 23rd 2014 - 10:27 UTC

  Paris Club will study Argentina's repayment proposal; long process expected

  

  The Paris Club said it would study an outline from Argentina for repaying the more than 9.5 billion dollars it owes the group of creditor nations. Argentina is eager to resolve the problem of its outstanding debt with the group in order to regain access to international capital markets from which it has been shut out since its 2002 default.