Argentina Defaults For Ninth Time In History
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2020-05-23 HKT 06:20
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Argentina defaulted Friday after failing to pay US$500 million of interest on its bond debt, but it continues to negotiate a restructure with creditors, an official source told AFP.
"We're not paying but the negotiations are continuing," the source said.
The default -- Argentina's ninth -- was widely expected after the economic ministry announced on Thursday that it was postponing talks for a second time with international creditors on restructuring $66 billion of its debt, this time until June 2. (AFP)
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