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Argentina, financial institutions prepare yourself to resume financial obligation talks after ninth sovereign default

Byindianadmin

May 24, 2020 #ninth, #sovereign
Argentina, financial institutions prepare yourself to resume financial obligation talks after ninth sovereign default

BUENOS AIRES (Reuters) – A significant Argentina financial institution group said on Saturday it had been invited to sign a non-disclosure contract by Argentina’s federal government, indicating that talks might be relocating to the next phase after the South American country defaulted a day earlier.

SUBMIT PHOTO: FILE IMAGE: Argentine one hundred peso bills are shown in this photo illustration taken September 3,2019 REUTERS/Agustin Marcarian/Illustration/File Photo/File Image

The Exchange Shareholder Group, which comprises 18 financial investment organizations and represents 15%of Argentina’s exchange bonds, stated in a declaration that Argentina approached its representatives and other lender groups about signing a non-disclosure contract “in contemplation of taking part in negotiations with the Ministry of Economy.”

It is common throughout financial obligation restructurings for financial institution committees to consent to limit the circulation o

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