argentina to repay 6bn in debt
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Argentina to repay $6bn in debt

Arab Today, arab today

Arab Today, arab today Argentina to repay $6bn in debt

Axel Kicillof, Minister of Economy of Argentina
Buenos Aires - AFP

Argentina will repay $5.9 billion of its debt on Monday in keeping with its repayment schedule, the country's economy minister said Friday.

"We will follow this deadline as we have done for years. It is the largest payment in one installment in a decade," Economy Minister Axel Kicillof said.

The payment will be made by drawing on the country's foreign exchange reserves, which showed a balance of $32.5 billion Friday.

"We will pay, all in good time, and Argentina will continue on the path of debt reduction."

A longstanding dispute over the debt with US hedge funds remains, however.

Since its economic collapse in 2001, Argentina, the third-largest Latin American economy, has renegotiated its debt with 93 percent of its creditors, but a handful of US-based hedge funds have held out for full repayment and refused debt restructuring.

A US court decision requires Argentina to repay those creditors in full, which Buenos Aires has called extortion by a group of "vulture funds."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

argentina to repay 6bn in debt argentina to repay 6bn in debt

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

argentina to repay 6bn in debt argentina to repay 6bn in debt

 



GMT 13:42 2015 Saturday ,04 April

Libyan warplane targets camp in Gharyan town

GMT 15:14 2017 Wednesday ,01 March

UN documents nearly 1,500 child soldiers in Yemen

GMT 07:24 2017 Sunday ,01 October

Mexico unlikely to find more quake survivors

GMT 16:15 2015 Wednesday ,11 November

German intelligence 'spied' on Fabius, FBI, UN bodies

GMT 01:32 2017 Saturday ,15 April

Russia's Putin earns about 157,000 USD in 2016

GMT 16:30 2017 Saturday ,15 July

Minister of planning gives priority

GMT 19:45 2017 Wednesday ,05 April

President of Senegal Meets Attorney General

GMT 05:18 2017 Thursday ,21 September

Over 80 missing after migrant boat sinks off Libya

GMT 19:22 2017 Saturday ,01 April

UN: Number of Syrian Refugees Tops 5 million

GMT 15:16 2016 Thursday ,29 September

FBI to put up database on police use of deadly force

GMT 05:06 2016 Friday ,30 September

Indian markets open flat
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday