July 31, 2014
Kicillof to meet with Paris Club to settle debt
Economy Minister Axel Kicillof will travel to France next Sunday to try and reach an agreement with Paris Club over Argentina’s debt, an official press release confirmed today.
Besides Kicillof, Finance Secretary Pablo López, former Finance Secretary Adrián Cosetino and new head of the Debt Negotiation Unit and former Economy Minister Hernán Lorenzino will take part in the meeting.
Argentina has a 6.700 million dollar debt with the Paris Club of investors since 2001’s default.
Paris Club demands 25% payment in cash. Argentine intention is to offer payment in Bonar X bonds, and renegotiate the rest of the debt with a cut similar to the CIADI settlement.