Accords with the World Bank, Repsol SA and now the Paris Club have put Argentina on the cusp of returning to international bond markets. The country has left the toughest deal for last. After a 20-hour meeting with officials from the Paris-based group of creditor nations, which kept President Cristina Fernandez de Kirchner awake until 2 a.m., Argentina said yesterday that it agreed to pay $9.7 billion over five years to settle claims stretching back to the government’s record $95 billion default Read more [...]

AT A rare talk, held on May 28th in the ornate Alvear Palace Hotel in Buenos Aires, the head of the Argentine Central Bank, Juan Carlos Fábrega, repeatedly mentioned his country’s need to regain access to capital markets, something it has not enjoyed since defaulting on its debts in 2001. He awoke the next day to some welcome news. After a 16-hour negotiating session, Axel Kicillof, the economy minister, successfully reached an accord with the Paris Club, an informal creditor group comprised Read more [...]