Economy

Infographic: Argentina’s two-month debt countdown

6th February 2020

By The Essential Staff

Infographic: Argentina’s two-month debt countdown

Economy Minister Martín Guzmán finally published his schedule to renegotiate Argentina’s debt, and the timeline suggests a very busy two months ahead before the ultimate deadline at the end of March.

</p> <img class=" wp-image-7742 aligncenter" src="https://gettheessential.com/wp-content/uploads/2020/02/schedule.jpg" alt="Argentina's debt renegotiating schedule" width="744" height="511" srcset="https://gettheessential.com/wp-content/uploads/2020/02/schedule.jpg 1200w, https://gettheessential.com/wp-content/uploads/2020/02/schedule-300x206.jpg 300w, https://gettheessential.com/wp-content/uploads/2020/02/schedule-1024x703.jpg 1024w, https://gettheessential.com/wp-content/uploads/2020/02/schedule-768x527.jpg 768w, https://gettheessential.com/wp-content/uploads/2020/02/schedule-600x412.jpg 600w" sizes="(max-width: 744px) 100vw, 744px" /> <p>After securing <a href="https://www.perfil.com/noticias/politica/senado-aprobo-unanimidad-ley-renegociacion-deuda.phtml">Congressional authorization</a> to renegotiate yesterday, Guzmán will be hosting an IMF mission to Argentina and presenting the outline of his plan before Congress next week. Although this debt renegotiation process only affects private bondholders, the IMF is likely to act as an intermediary, as it is also a <a href="https://gettheessential.com/economy/2019/08/22/argentina-too-big-to-fail-for-the-imf-international-monetary-fund-debt-portfolio-credit-lending-agreements">massive creditor</a> of Argentina.</p> <p>The last two weeks of February will be dedicated to consultation sessions between Argentina and debt holders based on the framework presented by Guzmán in Congress, with a report published at the end of the consultation period detailing the viewpoints expressed by the bondholders.</p> <p>Argentina will launch its restructuring offer on the second week of March, and begin a two-week Roadshow to present it. The offer will expire in the second half of March, the schedule says. Although a precise date has not been given, President Alberto Fernández has repeatedly spoken about March 31 as a target.</p> <p>The full schedule (in Spanish) can be found at the Argentine Economy Ministry <a href="https://www.argentina.gob.ar/noticias/cronograma-de-acciones-para-la-gestion-del-proceso-de-restauracion-de-la-sostenibilidad-de">website</a>.</p> <p>

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The Essential Staff

The Essential is a premium subscription-based news platform that brings you high quality journalism and in-depth coverage in English about the changing face of Argentina’s politics and economy.