Article 15HK3 Argentina settles creditor dispute with $4.6bn deal after marathon negotiation

Argentina settles creditor dispute with $4.6bn deal after marathon negotiation

by
Uki Goñi in Buenos Aires
from Economics | The Guardian on (#15HK3)

Country's default on $82bn foreign debt in 2001 sparked long-running saga with creditors led by US hedge fund Elliott Management

Argentina's new president, Mauricio Macri, struck a $4.65bn agreement with the US creditors on Monday, ending a 15-year debt dispute between Argentina and a number of holdouts led by US billionaire financier Paul Singer.

Related: Argentina's former president suspected of role in peso inflation scheme

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