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Bankruptcy Law News
9/3/2008 9:25:26 AM EST
LexisNexis Bankruptcy Law Center Staff
Argentina will pay $6US billion Paris Club debt
BUENOS AIRES, Argentina – (AP) Argentina will pay its entire $6US.7 billion debt to the Paris Club of lending nations, President Cristina Fernandez said Tuesday, shoring up sagging investor confidence and opening the door to needed new capital as its economy slows.
 
The payment, which will tap about a sixth of the country's $47US.1 billion in foreign currency reserves, … Full version (available to lexis.com subscribers)
 

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