Argentina Strikes Deal With Creditor Countries To Avoid Default In July

Argentina strikes deal with creditor countries to avoid default in July

Buenos Aires, (UrduPoint / Pakistan Point News - 23rd Jun, 2021 ) :Argentina said Tuesday it had reached an agreement with the Paris Club of creditor countries, avoiding a default on repayment in July and unlocking relief of some $2 billion.

"We have reached an understanding with the Paris Club" to avoid defaulting on July 31, when a grace period was to expire for the repayment of a tranche of debt of about $2.4 billion, Economy Minister Martin Guzman told reporters.