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Argentina Reached ‘An Understanding’ With One Creditor Group

  • Minister Guzman says big differences remain with Ad Hoc Group
  • Guzman spoke at Bloomberg Emerging & Frontier Forum 2020
Martin Guzman
Martin Guzman
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Argentina reached an understanding -- but not an agreement -- with one group of creditors to restructure $65 billion in overseas debt while major differences remain with another key group, Economy Minister Martin Guzman said Thursday.

“We’re in conversations with two major groups. With one of them we have managed to reach an understanding on a number of important issues,” Guzman told Bloomberg’s Stephanie Flanders at the Emerging & Frontier Forum 2020. “With the other group, it’s called the Ad Hoc Group, there have been bigger differences.”