CB governor lashes out at vulture funds in Mexico

Central Bank governor Mercedes Marcó del Pont warned today that 2actions carried out by vulture funds should be a global cause of concern,2 as she took part of a meeting of central bank heads in Mexico, ahead of the G20 finance ministers meeting in Mexico.

“The actions of vulture funds should be a global cause of concern, not only for Argentina, due to the negative impact of their predatory behaviour on financial stability,” Marcó del Pont said.

“The actions of these funds must be analyzed with the same criteria that has been applied to judge the irresponsible behaviour of credit rating agencies, which we have been reporting for some time, and should be a part of the global agenda to preserve financial stability,” she added.

Regardless, Argentina will keep on growing and complying all its obligations stemming from the debt swap, despite the discrimination of those who were responsible of the brutal indebtedness and the subsequent breakdown 10 years ago,” she continued.

“The discriminations, criticisms and even threats Argentina endures as it began this model of development with inclusion even continue today,” she added.