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default2001
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🇦🇷 HISTORICAL: Congress approves USD 171 million to close the 2001 default 🏛️💰
In a key move for the financial and institutional front, the National Congress has definitively approved the payment of 171 million dollars to the last holdouts (external creditors) who held defaulted debt since the 2001 crisis.
The initiative, which already had partial approval from the Senate, closes a historic legal chapter.
According to the details of the parliamentary project, the disbursements will be split into two major groups: USD 67 million will be paid to the firm "Bainbridge Ltd." and USD 104 million to the creditor group led by the "Attestor Value Master Fund LP."
With this measure, the country aims to eliminate the last remaining litigations in international courts to improve its credit reputation and facilitate a return to the global capital markets.
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#BinanceSquare #Congreso #DeudaExterna #Default2001 #Macroeconomia
In a key move for the financial and institutional front, the National Congress has definitively approved the payment of 171 million dollars to the last holdouts (external creditors) who held defaulted debt since the 2001 crisis.
The initiative, which already had partial approval from the Senate, closes a historic legal chapter.
According to the details of the parliamentary project, the disbursements will be split into two major groups: USD 67 million will be paid to the firm "Bainbridge Ltd." and USD 104 million to the creditor group led by the "Attestor Value Master Fund LP."
With this measure, the country aims to eliminate the last remaining litigations in international courts to improve its credit reputation and facilitate a return to the global capital markets.
$BTC
$ETH
$SOL
#BinanceSquare #Congreso #DeudaExterna #Default2001 #Macroeconomia
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