Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Argentina's economy minister heads to Europe to woo finance officials over debts

04/10/2021 | 02:57pm EDT
Argentina's Economy Minister Martin Guzman poses for a picture before an interview with Reuters at the Economy Ministry, in Buenos Aires

By Nicolás Misculin

BUENOS AIRES (Reuters) - Argentine Economy Minister Martin Guzman will travel to Europe on Sunday to build support among G7 and G40 nations for a renegotiation of its multibillion-dollar debts to the International Monetary Fund (IMF) and the Paris Club group of creditor nations.

Guzman will travel to Germany, France, Italy and Spain, where he will meet his counterparts and other officials to outline Argentina's restructuring plans during a five-day trip.

"The objective is to get the necessary support from IMF shareholders (especially G7 and G20) to finalize a program that will serve Argentina," the Ministry of Economy said in a statement.

The government of center-left President Alberto Fernandez is scrambling to renegotiate the roughly $45 billion the country owes to the IMF.

The coronavirus crisis has ravaged the top grains producer's already ailing economy, complicating efforts to make good on its obligations.

Argentina also faces the maturity of $2.4 billion in debt it owes to the Paris Club, whose members include the countries he is visiting.

(Reporting by Nicolas Misculin; writing by Aislinn Laing; editing by Jonathan Oatis)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EURO / ARGENTINE PESO (EUR/ARS) 0.57% 113.8027 Delayed Quote.10.16%
US DOLLAR / ARGENTINE PESO (USD/ARS) -0.25% 93.559 Delayed Quote.11.55%
Latest news "Economy & Forex"
05:58pCyber attack shuts down U.S. fuel pipeline 'jugular,' Biden briefed
05:10pKey U.S. Energy Pipeline Closes After Cyberattack--6th Update
04:28pPresident Biden briefed on Colonial Pipeline shutdown - White House
04:28pGovernment is working to try to help the company restore operations - white house
04:28pPresident biden was briefed this morning on colonial pipeline shutdown - white house
04:08pGovernment of India and European Investment Bank sign finance contract for second tranche of Euro 150 million for Pune Metro Rail project
04:08pExchange Rate Notification No.46/2021 - Customs (N.T.)
04:08pRevenue Deficit Grant of Rs. 9,871 crore released to 17 States
03:55pKey U.S. Energy Pipeline Closes After Cyberattack--5th Update
03:45pExplainer-Will Colonial Pipeline shutdown spike U.S. pump prices?
Latest news "Economy & Forex"