Argentina Will Repay Paris Club Debt 13 Years After Default
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Argentina, locked out of overseas markets since its record $95 billion default in 2001, took another step toward a return to selling international bonds by agreeing to repay its debt to the Paris Club.
The government will pay arrears that amounted to $9.7 billion at the end of April over a five-year period, according to an e-mailed statement from Paris Club, a group of creditor nations including Japan, the U.S., Germany and France,.