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LatinNews Regional Monitor: Brazil & Southern Cone - 28 February 2020

ARGENTINA: Advancing with debt renegotiation strategy

After securing the support of the International Monetary Fund (IMF) for its plans to seek a write-down of the debt owed to Argentina’s private creditors [WR-20-07], the government led by President Alberto Fernández is stepping up efforts to try to secure a debt renegotiation deal. Fernández and his economy minister, Martín Guzmán, have been busy flying around the world to talk to the IMF and foreign bondholders about their debt restructuring proposals. A general agreement appears to have been reached with the IMF. But it is far less clear that an agreement can be reached with bondholders to ensure that Argentina avoids another debt default.

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