US interim ambassador in Argentina urges for ‘practical solutions’ with vulture funds
Kevin Sullivan, US interim ambassador in Argentina affirmed today the country must seek “practical solutions” with the so called vulture funds over defaulted bonds.
“We know there have been several proposals over the table and we think it is important for Argentina to evaluate the risks, the possible solutions and choose one to be implemented,” Sullivan said, while emphasizing “the most important thing now is to look out for practical solutions.”
According to the embassy’s business adviser “there are still possibilities to achieve an agreement.”
Meanwhile, the US official highlighted some measures taken by President Cristina Fernández de Kirchner administration during the last months such as the solution with "the International Centre for Settlement of Investment Disputes (ICSID), the improvement of the official statistics system, and the debt deal signed with the Paris Club.”