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ARGENTINA: Buying time on foreign law debt as economic storm clouds darken

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The government last night, 6 April, confirmed that it would postpone payments on around USD 8.4bn in USD-denominated debt issued under local law. The move is designed to gain space to keep on making foreign currency payments issued under non-Argentine law and avoid a wider defaul...

 

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ARGENTINA: Buying time on foreign law debt as economic storm clouds darken

The government last night, 6 April, confirmed that it would postpone payments on around USD 8.4bn in USD-denominated debt issued under local law. The