Paris Club confirms first receipt of Argentina arrears
The Paris Club of major creditor nations said today it had received a first payment of Argentina's debt arrears as promised under an agreement struck in May.
"It was received as scheduled," Paris Club Secretary General Clotilde L'Angevin told Reuters.
Argentina said on July 29 it had made a $642 million first payment to settle its debt to the Paris Club of 19 highly industrialized countries.
Argentina's next payment of $500 million to the Paris Club is due by May 2015.