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LatinNews Daily - 31 August 2021
In brief: Argentina’s Buenos Aires province confirms acceptance of debt deal
* The governor of Argentina’s Buenos Aires province, Axel Kicillof, and provincial finance minister, Pablo López, have announced that the provincial government had obtained support from bondholders to restructure around 98% of its US$7.15bn debt, bringing it a step closer to emerging from a 16-month default. According to López the agreement will save the province US$4.6bn between now and 2027, money that can be applied to infrastructure and social spending. Last month the provincial government announced it had struck a deal with bondholders to restructure the debt.
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- In brief: Argentina’s Buenos Aires province confirms acceptance of debt deal