March 28, 2015
Thursday, June 5, 2014

Vulture funds case: IMF expresses ‘concern’ over outcome

The International Monetary Fund expressed “concern” today over the outcome of Argentina's vulture funds case.

The US Supreme Court is scheduled to consider on June 12 whether to hear Argentina's appeal of rulings requiring it to pay the holdout bondholders back in full.

“The Fund is deeply concerned about the wide systemic implications the (New York) Court’s decision might have, in general, for the debt restructuring processes,” the IMF’s spokesman Gerry Rice affirmed asked by about that matter during a press briefing in Washington.

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Tags:  Argentina  US  Supreme Court  vulture funds  holdouts  

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