The Minister of Economy, Martín Guzmán, and the president of the Paris Club, Emmanuel Moulin, agreed on Tuesday a new extension of the understanding reached in June 2021, for the payment of the commitments that Argentina has with this forum of creditor countries. In this way, the previous deadline for the negotiation, which was March 31, is avoided.
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In this way, Argentina and the Paris Club undertook to conclude the process of definitive modification of the Agreement defined in the “Joint Declaration of 2014” before June 30 next.
As reported by the Ministry of Economy in a statement, “the country gains time and avoids exposing Argentina to default again” and it is stated that this agreement “represents support for the Extended Facilities program during the two and a half years of validity.”