Argentina suspend talks with Paris club after Guzmán’s resignation, say sources

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An Argentine meeting with the creditors of the Paris club group will not take place in the French capital on Wednesday, as planned, after the South American country’s former economy minister Martin Guzmán resigned his post over the weekend. , said two sources with Direct. knowledge of the matter.

Guzmán’s successor, Silvina Batakis, and her new economic team are expected to agree on a new date for the meeting with the group of creditors, said a source who asked not to be named as the talks took place. The Argentine informed the Paris club on Monday about Batakis’s appointment to the new position.

Argentina’s economy ministry did not immediately respond to a request for comment.

Another source said the decision to suspend talks between Guzmán and Batakis was agreed during Monday’s bilateral meeting in Buenos Aires.

Guzmán was due to travel to France this week for formal talks with the Paris club about restructuring nearly $2 billion in debt.

Paris club creditors, which include the governments of the United States, Germany and Italy, said in early June that they expected to reach an agreement with Argentina “in the coming weeks”, but that such a deal would be delayed. Maybe because the country is facing a new political crisis.

Sources said there is still no clear timeline for future meetings, as Batakis has yet to announce his new squad.

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