Argentinas fifth extension of debt restructuring negotiations

category:Finance
 Argentinas fifth extension of debt restructuring negotiations


Argentinas president Fernandez said on the same day that the government is confident of reaching a debt restructuring agreement with international creditors.

The debt restructuring plan previously announced by Argentina includes US $3.6 billion debt principal relief, US $37.9 billion debt interest relief and three-year grace period for debt repayment. The creditors were supposed to decide whether to accept the plan before May 8, but the Argentine government has extended the negotiation period four times since then, and the extended negotiation periods are May 22, June 2, June 12 and June 19, respectively.