Argentina To Renegotiate With Paris Club

Argentina will put forward a proposal to the Paris Club to restructure its debt before the end of the year, according to economy minister Felisa Miceli. Earlier this year, and following the early repayment of its entire IMF debt, Argentina indicated it would look to renegotiate its $6.5 billion defaulted debt to the Paris Club of international creditors. The debt, which represents less than 5.25% of the country’s total assumed debt, includes money owed to countries such as Spain, Germany and Japan.