Argentina’s creditors seek support from international institutions
Argentina’s creditors reportedly seek informal support from international institutions such as the IMF, US Treasury, and ICMA.
According to sources close to the subject, Argentina’s creditors contacted several international institutions to find support for the proposal, which requires the amendment of some rules on some of the country’s overseas securities.
The International Monetary Fund (IMF), the US Treasury and the International Capital Markets Association (ICMA) are among the institutions that the Latin American country informally seek help from.
Lenders expect that the international support will affect the Minister of Economy, Martin Guzman, in accepting such changes that will close the legal gaps and increase the rights of the bonds issued in 2016 and beyond.
Among the largest lenders, there are Blackrock Inc., Ashmore Plc and Fidelity Management, and Research Co.