BUENOS AIRES (Reuters) – Argentina’s talks with creditors over restructuring around $65 billion in foreign debt could reach a breakthrough “in a matter of days,” a source close to the negotiations and familiar with the government’s thinking told Reuters on Friday.
“There has been notable progress and a comprehensive deal is certainly possible in a matter of days, not months,” the person said, asking not to be named as the talks were private.
The South American grains producer is at a critical juncture in the talks, which are key to avoiding a messy default that would threaten to leave the country locked out of international capital markets as its already fragile economy suffers from the coronavirus pandemic.
(Reporting by Hugh Bronstein, Editing by Rosalba O’Brien)
