Argentina: Minister Says Government Discusses Debt Renegotiation

RIO DE JANEIRO, BRAZIL – Argentina’s Economy Minister Martín Guzmán said that the new government has begun talks with creditors to renegotiate the terms of tens of billions of dollars in debt with private bondholders and the International Monetary Fund (IMF).

“We want to have talks of goodwill, to solve the problem that is a problem for everyone,” he said.

The minister also stated that the government is seeking a debt policy that will provide relief for an economy in recession.

“We need to have the option of not being suffocated by debt,” he said.

The previous government took on more than US$100 billion in foreign debt and received US$57 billion in aid from the International Monetary Fund.

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