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Tuesday, December 22, 2015

Argentina Will Soon Enter Into Negotiations With Creditors

Argentina: Officials Soon To Enter Negotiations With Creditors

December 21, 2015 | 22:08 GMT
Argentina's government in mid-January will enter negotiations with creditors still calling for repayment after the country's massive default in 2001, Infobae reported Dec. 21. The country, which 14 years ago halted payments on roughly $140 billion in debt, owes an outstanding $10 billion to creditors who refused to accept the terms of the default. After meeting Dec. 21 with a court-appointed mediator in New York City, the new Argentine secretary of finance, Luis Caputo, is ready to enter negotiations with the remaining bondholders. After being voted into office in October, the country's new government has inherited a struggling economy and will work to introduce more market-friendly policies.