Argentine Congress debates draft legislation to pay debt

The Argentine Congress began yesterday to discuss the draft Sovereign Payment Act, which proposes the Central Bank as fiduciary agent for creditors to collect their debts in Buenos Aires, rather than in New York. Economy Minister Axel Kicillof urged the Congress to support the...

Argentina deposited over $1,000 million for hedge funds

This Thursday Argentina deposited about 1,000 million to cancel the debt owed by hedge funds. “The Argentina Republic, in fulfillment of the contract with the holders who adhered to the exchange, has proceeded to the payment of capital and interest services”, said...