Argentina’s Massa says Paris Membership deal “shut”

WASHINGTON, Oct 13 (Reuters) – Argentina is nearing a deal on greater than $2 billion it owes the Paris Membership of collectors, financial system minister Sergio Massa mentioned on Thursday.

“Argentina is near an settlement with the Paris Membership,” Massa advised Reuters on the sidelines of the IMF conferences in Washington.

Massa had beforehand confirmed that he’ll meet the group in France on Oct. 27 and 28 to proceed negotiations. He met the chair of the Paris Membership, Emmanuel Moulin, in Washington on Thursday.

Talks will embrace the reimbursement schedule and the rate of interest for the mortgage. The Paris Membership, which counts the USA, Japan and Germany amongst its members, final 12 months gave Argentina extra time to repay the debt, permitting Buenos Aires to barter a revamp of its IMF program.

Argentina sealed an settlement with the IMF earlier this 12 months for a close to $45 billion program to refinance a failed mortgage from 2018.

Reporting by David Lawder and Jorgelina do Rosario; Modifying by Jonathan Oatis and Mark Porter

Our Requirements: The Thomson Reuters Trust Principles.