It comes shortly after Argentina's Economy Minister Martin Guzman had hinted there was a 'big chance' the May 22 deadline would be extended.
It comes shortly after Argentina's Economy Minister Martin Guzman had hinted there was a "big chance" the May 22 deadline would be extended.
A general view of a street linking to 9 de Julio Avenue is seen with cars as Argentina extends the curfew till 24th of May, imposed since 20th of March, in an effort to stem the spread of the coronavirus pandemic in Buenos Aires, Argentina on May 21, 2020.Argentina has agreed to continue talks with creditors to restructure around $65 billion of foreign debt through to June 2, as Latin America's third-largest economy seeks to avoid another devastating default.
"Argentina firmly believes that a successful debt restructuring will contribute to stabilizing the current economic condition, alleviating the medium and long-term constraints on Argentina's economy created by its current debt burden and returning the country's economic trajectory to long term growth," the government"Argentina and its advisors intend to take advantage of this extension to continue discussions and allow investors to continue contributing to a successful...
In comparison, neighboring Brazil has recorded the third-highest number of confirmed Covid-19 infections in the world, with over 310,000 cases and 20,047 fatalities.
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