Argentina defers payments to Paris Club until 2024, renegotiates term and rate

The objective of President Alberto Fernandez's administration is to reach a renegotiation with the IMF before June 30 to cancel some US$2 billion.

RIO DE JANEIRO, BRAZIL - Argentina decided to defer debt payments with the Paris Club until September 2024, the government said on Tuesday, May 31, through the official gazette, while renegotiating the understanding to cancel some US$2 billion with a longer-term and lower interest rate.

The South American country restructured debt with private creditors in 2020, reaching an 'Extended Facilities' agreement with the International Monetary Fund (Subscribe to our Premium Membership Plan. Already Subscribed?