Boudou insists Argentina 'will not cancel Paris Club debt in single payment'

Economy Minister Amado Boudou insisted that Argentina would not cancel its debt with the Paris Club in a single payment, and explained that the country “clearly needs a payment plan that allows it to keep growing, while reaching out to more workers and substituting imports.”

Boudou’s statements come after learning that two members in the club were apparently “putting some pressure” so the country would “soon cancel the debt.”

It has been suggested that the US is beginning to take a position similar to Japan’s, which does not accept Argentina’s plan to extend the payment period over a five-year plan.