Due to the political crisis, the meeting with the Paris Club to renegotiate a debt of at least $ 2 billion has been suspended. Martin Guzman I had planned to travel this Monday in the French capital to meet with creditors on Tuesday, but talks were postponed following his abrupt resignation last Saturday and his belated replacement with Silvina Batakis.
Now, the new Minister of Economy is expected set a new date resume negotiations with the consortium of 22 countries, led by Germany, Japan and the United States.
Batakis has not yet announced his team. nor the timetable for the next steps to restructure the agreement reached in 2014 by Axel Kicillof.
According to sources familiar with the negotiations, Guzmán had recently reached a sort of agreement with the Paris Club, with the approval of the IMF and the United States. an interest rate cut – today 9% – and the extension of the terms of payment. Argentina already paid $ 430 million last year in two installments for capital maturities.
All those commitments have failed Saturday afternoon, when Guzmán slammed the door on Twitter. His last contact with creditors was on Thursday, when he missed the cabinet meeting. Then, on Sunday, in the midst of the void due to the failure to appoint his successor, he wrote a technical note on the points agreed with the Paris Club.
development note
Giovanni Manuel Barca
Source: Clarin
