direct: The Argentine Economy Minister said that talks with international creditors on the debt restructuring offer may continue beyond the deadline set on May 22.
Argentina had decided Extend the deadline Available to creditors to respond to a $ 65 billion debt structuring offer as of May 22 which includes a 3-year grace period and a significant reduction in interest payments to the country after bondholders opposed the offer.
“We see that there is a great opportunity to extend the deadline so that we can finally make the necessary adjustments in order to achieve a sustainable deal with creditors,” Martin Guzman said during a broadcast on the Internet today.
These statements initially boosted hopes that the crisis-prone South American country would be able to Avoid defaulting on sovereign debt for the ninth time In its history.
“The bondholders have since submitted three proposals to restructure the debt,” Guzman said, adding that the two sides are conducting a “constructive dialogue”, but they need to deepen the process of cooperation to reach an agreement.
He continued: “The sooner this is resolved, the better, the deal must be successful to give Argentina the conditions to get back on its feet.”
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