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Statement of Exchange Bondholder Group on Economic Policy in Argentina
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NEW YORK, Feb. 17, 2021 /PRNewswire/ The Ad Hoc Group of Argentina Exchange Bondholders today released the below statement containing its views on the current economic situation in Argentina and its government s policies:
Argentina s Backdrop Should be Positive. With a multi-decade restructuring of its external debt burden at low interest rates, agricultural commodity prices near record highs and a natural rebound in economic activity from pandemic lows, Argentina should be benefiting from significant tailwinds. However, since the government concluded its historic restructuring of international and domestic foreign currency bonds in September, local macroeconomic conditions have continued to deteriorate.
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