“We will do everything we can without mortgaging the present and the future of the Argentines.”
Argentina missed a Friday deadline to reach an agreement with international creditors to restructure its massive debt, but negotiations will continue, its minister for the economy said.
Guzman has taken an aggressive stance on debt, in part driven by a need to free up resources to fight the novel coronavirus pandemic in the recession-hit South American grain and beef exporter.A senior government official who requested anonymity told AFP the country would face a difficult 10 days, but that Buenos Aires was “optimistic” about reaching an agreement.
Buenos Aires’ offer to its creditors includes a 62 percent discount on interest, or $37.9 billion, and 5.4 percent on capital, or $3.6 billion. The country is also requesting a three-year moratorium, which would imply no payments until 2023.
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