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Hedge funds urge Argentina to pay US$1.5 billion after IMF deal secured

38 1
wednesday

Four hedge funds that won a US$1.5 billion case against Argentina in a London court requested on Tuesday that the country returns to the negotiating table. 

According to the law firm representing the funds, the country’s representatives said they would discuss a payment schedule only after reaching a new deal with the International Monetary Fund (IMF), which was reached on Friday.

The claimants made the request after the case, related to securities linked to Argentina’s 2013 gross domestic product (GDP), was mentioned in Friday’s IMF staff report. The lender said Argentina vowed to “reach understandings to address the outstanding obligations where final judgments have been reached.”

Last October, the Supreme Court of the United Kingdom

© Buenos Aires Herald