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Argentina to Hold Talks With Bondholders to Delay Debt

  • Economy Minister Martin Guzman says in first address in role
  • He said he’s already negotiating new plan with the IMF
Martin Guzman speaks during a news conference in Buenos Aires on Dec. 11.
Martin Guzman speaks during a news conference in Buenos Aires on Dec. 11. Photographer: Ronaldo Schemidt/AFP via Getty Images
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Argentina’s new Economy Minister Martin Guzman outlined broad themes on Wednesday regarding looming policy proposals to revive the economy, but didn’t delve into the specifics that Argentines and investors have waited months to hear.

The country will open talks with bondholders to delay the nation’s debt payments, Guzman said in his first public comments as minister, adding that he’s already negotiating with the International Monetary Fund for a new program amid a recession. He believes investors understand Argentina can’t currently pay its debt.