The International Monetary Fund has dropped plans to formally back Argentina in its legal battle with holdout investors who refused to take losses on debts in the country’s $100 billion default in 2001.
The fund said it remains concerned the case could set a precedent making it harder for other countries to get debt relief. But it was wary of taking sides in a U.S. court case after the U.S. government said it would not support the IMF move.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
