July 25, 2014
Paris Club says 'open' to debt talks with Argentina
The Paris Club is open to talks with Argentina on repaying its debt, the group of creditor nations said today, moving closer towards launching formal negotiations with Buenos Aires.
Argentina had outlined its conditions for repaying the roughly $9.5 billion in debt it owes Paris Club members last month.
Paris Club Secretary General Clotilde L'Angevin said that its members had had "preliminary discussions" on the offer from Buenos Aires, which was their first official contact in years.
"They are open to continue the dialogue with Argentina," L'Angevin told Reuters, adding that Paris Club members wanted clarification from Buenos Aires on questions which she declined to specify.