Argentina Plans Paris Club Repayment And Return To Equity Markets.

MERCOPRESS/
In a budget submitted to its congrss, Argentina plans to reach agreement with holders of the country’s defaulted debt to return to international lending markets.
Argentina defaulted on almost 100 billion USD of sovereign debt in 2001. Investors with 30 billion USD of bonds refused to participate in a 2005 exchange, which offered 33 cents on the dollar. Argentina has been unable to sell bonds in international markets since the default due to the dispute with the holdouts.