Arab Today, arab today argentina eyes debt deal with us investors
Last Updated : GMT 00:38:13
Arab Today, arab today
Arab Today, arab today

President Mauricio Macri:

Argentina eyes debt deal with US investors

Arab Today, arab today

Arab Today, arab today Argentina eyes debt deal with US investors

President Mauricio Macri
Buenos Aires - Arab Today

Argentina's President Mauricio Macri said he hoped for a "reasonable agreement" with the country's foreign creditors when he re-launches negotiations over billions of dollars of debt with US investors Wednesday.

A deal with US investment funds is a key aim for the market-friendly conservative president as he rolls back measures by Argentina's former leftist government which branded the investors "vultures".

In meetings in New York, Argentine officials "will say to the mediator that there has been a change here, that we have a different vision about our debts," Macri said.

Argentina's aim "is to cease being a non-compliant country and to resolve our pending problems," he told a news conference.

He said he hoped for a "reasonable agreement" with the hedge funds NML Capital and Aurelius.

Macri's predecessor Cristina Kirchner had refused to negotiate with the "vultures".

She used that term to refer to bondholders who declined to take part in the restructuring of Argentina's debts after it defaulted on about $100 billion in 2001.

The vast majority of creditors took large write-downs of their bonds in the restructure.

In 2012 the holdouts won the backing of the New York district court, which said Buenos Aires cannot repay any creditors without paying the holdouts first.

Macri has vowed to liberalize Argentina's economy and open up the country more to foreign trade and investors after years of protectionism.

In a series of reforms announced days after taking office last month, he cut key export taxes and ended official controls on the peso currency.

He said that was needed to make the country competitive, but critics warned it would hurt Argentines' purchasing power in the medium-term.

Macri said Tuesday he was satisfied with the results of the currency reform so far, which reduced by 30 percent the value of the peso against the dollar.

"We have ceased to be limited in how much we can grow," he said.
Source: AFP

arabstoday
arabstoday

GMT 05:19 2017 Thursday ,07 September

Oil price to stay at $50-$55 a barrel

GMT 02:17 2017 Monday ,04 September

UK will not be pressured by EU timetable: Davis

GMT 20:54 2017 Sunday ,03 September

BRICS turned into pushing power

GMT 14:42 2017 Tuesday ,29 August

Qabil: challenges by Industrial sector

GMT 20:39 2017 Saturday ,26 August

Mayor calls for Petrobras privatization

GMT 14:45 2017 Thursday ,17 August

MP: government ignores citizen
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today argentina eyes debt deal with us investors Arab Today, arab today argentina eyes debt deal with us investors

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today argentina eyes debt deal with us investors Arab Today, arab today argentina eyes debt deal with us investors

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday