Tag: sovereign-debt

Sunday, June 14th 2020 - 13:51 UTC
Argentine and bond holders negotiations extended to at least 19 June

Argentine bonds rose on Friday as the government said that negotiations with creditors to restructure around US$ 65 billion in sovereign debt would continue into next week and that a deadline for reaching a deal would be pushed back to at least June 19.
Tuesday, May 31st 2016 - 18:47 UTC
Argentina’s Eternal Debt Problem

By Carmen Reinhart (*) Argentina recently emerged from nearly 15 years of the most litigious sovereign default in modern times, if not ever. Now it has the opportunity to reenter the global financial system and build a more stable and prosperous future. It is a chance that the country must be careful not to squander.
Tuesday, March 1st 2016 - 05:05 UTC
Special Master announces settlement of 15-year battle between Argentina and 'holdout' hedge funds

Daniel A. Pollack, Special Master appointed to preside over settlement negotiations between the Republic of Argentina and its “Holdout” Bondholders, this morning (29 February) issued the following statement:
Tuesday, September 29th 2015 - 05:17 UTC
Cristina Fernandez points her guns to the US and 'vulture funds', but no word on the Falklands

Addressing the UN General Assembly, President Cristina Fernandez accused the United States of 'protecting' a former Argentine intelligence agent, blasted the speculative or 'vulture funds', gave details of the Iran-US-Argentina dealings and to everybody's surprise did not mention a word about the Falkland Islands sovereignty claim.
Friday, September 11th 2015 - 06:45 UTC
UN Assembly overwhelmingly supports Argentina in the sovereign debt debate

The United Nations General Assembly has approved a resolution put forward by Argentina regarding sovereign debt restructuring, which seeks to limit the movement of speculative funds in influencing such actions.
Wednesday, July 29th 2015 - 06:58 UTC
UN committee agrees on nine principles for restructuring sovereign debts

A United Nations committee, after six months work, on Tuesday, unanimously adopted a “historic” report that establishes nine principles for restructuring sovereign debt, the committee's chair Sacha Llorenti of Bolivia told reporters.
Wednesday, June 17th 2015 - 05:46 UTC
Stiglitz comes to the rescue of Argentina and Greece on debt restructuring

Nobel Prize-winning economist Joseph Stiglitz has reiterated his support for a wider system of control on international sovereign debt restructuring, citing the examples of Argentina, Greece and Ukraine to back up his assertion that the area needs more supervision to protect those involved.
Saturday, June 13th 2015 - 06:40 UTC
Brussels Declaration with references to sovereign debt and 'territorial integrity' satisfies Argentina

Argentina expressed satisfaction with the Brussels Declaration at the end of the two-day European Union/Celac summit because it included strong backing to the country's efforts to change international rules regulating restructuring of sovereign debt and also there was a mention to territorial integrity, a tangent statement referred to the ongoing dispute over Falkland Islands sovereignty.
Tuesday, November 18th 2014 - 08:13 UTC
Argentina celebrates G20 summit support on sovereign debt restructuring

The official communiqué of the G20 summit released at the end of the bloc’s meeting in Brisbane, Australia, included a paragraph on sovereign debt restructuring process, as requested by Argentina. Economy Minister Axel Kicillof and Foreign Minister Héctor Timerman celebrated it and described it as ‘historic’.
Tuesday, September 16th 2014 - 02:42 UTC
US insists with Argentina it does not support the UN sovereign debt debate

As Argentine President Cristina Fernandez readies for her annual trip to New York to speak at the United Nations General Assembly, US interim ambassador in Buenos Aires Kevin Sullivan ratified that Washington will not back the UN sovereign debt resolution sparked by Argentina’s legal battle with its holdout creditors.