Argentinian Guzman to hold Paris Club debt talks in France next week, source says

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BUENOS AIRES, June 29 (Reuters)Argentina’s Economy Minister Marti Guzman will travel to France next week for official talks with the Paris Club group of lenders on the restructuring of some $2 billion in debt, a source said on Wednesday. of the South American government.

The Paris Club, a group of creditors including the governments of the United States, Germany and Italy, said earlier in June that it hoped to reach an agreement soon on the debt, the repayment of which has already been extended. .

“Guzman will travel to France next week to hold formal negotiations with the Paris Club on Wednesday, July 6, to restructure the agreement reached with the creditors’ club in 2014,” the government source said.

The source added that debt restructuring was key to reopening access to foreign direct investment, needed to finance the development of local industry, including the country’s plans to boost natural gas export capacity. liquefied (LNG).

(Reporting by Jorge Iorio; Adam Jourdan)

((adam.jourdan@thomsonreuters.com; +54 1155446882; Reuters Messaging: adam.jourdan.thomsonreuters.com@reuters.net))

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