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November 23, 2014
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OAS calls for 'urgent' meeting to discuss Argentina's legal battle against vulture funds

The Organization of American States (OAS) called member countries for an “urgent”  meeting of consultation for Thursday to discuss Argentina’s sovereign debt restructuring. Secretary General José Miguel Insulza expressed his solidarity with the Buenos Aires over its vulture funds dispute.

“I would like to express my solidarity with Argentina, as I have said to the Foreign Minister [Héctor Timerman] on several ocassions,” Insulza stated before a special meeting held today at the headquarters of the Organization in Washington, D.C., where Argentine Foreign Minister Héctor Timerman and Economy Minister Axel Kicillof made the case for the need of a meeting of consultation with all member countries’ representatives.

Following the Argentine minister’s presentation, the OAS Permanent Council called for an “urgent” meeting with member countries’ foreign ministers on Thursday to discuss Argentina’s legal battle with the so-called vulture funds.

“This is an urgent matter because deadlines are close. It is important to have a stance on this soon,” Insulza stressed.

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Tags:  OAS  debt  Argentina  vulture funds  hedge funds  Argentina  





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