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Argentina's creditors back $65 billion debt restructuring deal

FRANCE24, 01 Sep 2020
Creditors have voted overwhelmingly in favour of a deal to restructure $65 billion worth of Argentina's debts. The government said the deal would help bring financial relief worth $37.7 billion by 2030. The agreement - concluded last month - also paves the way for Buenos Aires to re-negotiate its bailout with the International Monetary Fund. Argentina is in its third year of recession, with high inflation and rising poverty levels, a situation that has been exacerbated by the coronavirus pandemic. 

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