Argentina Submits Offer to Paris Club for $10 Billion Debt
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Argentina formally presented an offer to settle about $10 billion it owes to the Paris Club of creditors, 13 years after the country’s record $95 billion debt default, the spokeswoman for the group of creditors said.
Paris Club members on Jan. 22 will discuss the offer delivered today by Argentina’s Economy Minister Axel Kicillof to Paris Club Chairman Ramon Fernandez, Clotilde L’Angevin, the club spokeswoman, said in a telephone interview from Paris. Fernandez, also the head of France’s treasury, will brief other club members on Argentina’s proposal, she said today, adding they aren’t expected to make an immediate official response.