Political Risk Latin America Blog @PolRiskLatam

Argentina hopes to reach an agreement with the Paris Club this month

Posted in News and Articles, Political Risk by politicalrisklatam on February 15, 2011

by Merco Press News, February 14th, 2011.

Argentina’s Economy Minister Amado Boudou heads to France this week to participate in the G20 ministers meeting and will take advantage of the trip to further advance tentative negotiations to resolve the defaulted debt Argentina has with the Paris Club.

Boudou said last Friday that he and his Brazilian colleague, Guido Mantega, will hold “common positions” with regard to “defending the workings of the market and not restricting the commodities market”, an initiative sponsored by the host country France.

The Economy Minister added that “Argentina and Brazil will continue working toward reforming the international finance and monetary system,” adding that the fact that President Cristina Fernández de Kirchner is heading the G77 this year plus the China factor “gives an extra spice to this discussion” within the G20 agenda, which meets on February 18.

On the sidelines of G20, Boudou is scheduled to hold discussions with French Finance Minister Christine Lagarde, as well the head of the Paris Club, Ramón Fernández. (continue reading… )


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