End of preview - This article contains approximately 1256 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Weekly Report - 06 August 2020 (WR-20-31)
ARGENTINA: Crucial debt deal agreed but more work lies ahead
It has been achieved. In the early hours of deadline day, 4 August, Argentina’s economy ministry confirmed it had reached an agreement with the three main groups of bondholders over the restructuring of some US$66bn of sovereign debt issued under international law. Provided that the verbal accord is now formalised before the new 24 August deadline, the deal will conclude over seven months of high-stakes negotiations, which often seemed on the brink of collapse. Yet while Argentina emerges from its ninth debt default with “significant debt relief”, it must now face up to its other intractable economic challenges.
- Peru’s congress triggers political crisis in showdown with Vizcarra
- COLOMBIA: Uribe arrest divides nation
- VENEZUELA: Road ahead unclear for opposition
- ARGENTINA: Crucial debt deal agreed but more work lies ahead
- BRAZIL: Government scrutinised for intelligence gathering
- CHILE: No respite for Piñera
- TRACKING TRENDS
- MEXICO: Pandemic deaths overshadow big blow to organised crime
- GUYANA: Granger finally concedes defeat
- GUATEMALA: Vice president survives impeachment threat
- PANAMA: Cortizo wrestles with virus-induced slump
- NICARAGUA: Church and state clash over cathedral fire
- Economic fillip but political setback for Ecuador’s Moreno
- Quotes of the week