Argentina plans to postpone payments on up to $10 billion of dollar debt that was issued under local law until the end of the year, the government said in a decree late on Sunday, in a bid to relieve pressure over looming foreign currency payments.
The decree of necessity and urgency , sent to Reuters, would not affect the just under $70 billion in foreign currency debt issued under international law that Argentina is currently in talks to restructure with creditors.
The move to delay payments on the local-law debt could give Argentina breathing room and may enable it more easily to make payments on foreign-law bonds. As the debt was issued under local law, any creditors wanting to take legal action would need to do so in local courts. President Alberto Fernandez and Economy Minister Martin Guzman have repeatedly said Argentina cannot pay its public debts until it is given time to revive an economy that has been mired in recession for the last two years.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gigi Hadid's Makeup Artist Patrick Ta Swears By This $10 PaletteCelebrity makeup artists pick the their favorite budget-friendly palettes.
Baca lebih lajut »
Asian firms rush to meet $69 billion in second-quarter debt refinancingCompanies in the Asia Pacific need to raise a near record $69.3 billion to refinance their existing borrowings in the second quarter, Refinitiv figures show, as the region's capital markets remain turbulent due to the coronavirus pandemic.
Baca lebih lajut »
Spain calls for Marshall plan, European debt mutualisation - newspaperEurope needs debt mutualisation and a common Marshall plan to recover from the coronavirus pandemic, Spanish Prime Minister Pedro Sánchez told German newspaper Frankfurter Allgemeine Zeitung on Sunday.
Baca lebih lajut »
Quibi launching Hollywood 'on the go' streaming amid lockdownThe multi-billion-dollar streaming platform has attracted big Hollywood names such as Steven Spielberg, Guillermo Del Toro and Jennifer Lopez.
Baca lebih lajut »
27 Basics From Target That Reviewers Love And You Probably Will TooIncluding $10 leggings, cozy hoodies, and a leopard-print dress so you can match with Carole Baskin.
Baca lebih lajut »
A coronavirus travel nightmare: A blur of cancelled flights, border closures, and martial lawHow one American's long-planned vacation turned into a blur of border closures, cancelled flights, martial law and diplomatic wrangling.
Baca lebih lajut »