As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by...
The Implications of the Debt Restructuring Deal
Weekly Reports |
Back to
Back to :
The Implications of the Debt Restructuring Deal
Second week
August 2020
It took its time, but it happened: the government finally struck a deal with their main creditors and everything points to the fact that, when figures are disclosed on August 28th, Argentina will get the special majorities to trigger the collective action clauses and finish the debt restructuring without holdouts. Defaults usually leave skeletons in the cupboard, but at least this time they would not be associated to legal claims. The local section of the debt has already been approved by both houses of congress and there seems to be no problems in the forthcoming launch of this deal.