The debate in Congress regarding the debt sustainability law project would take place this week, meaning a formal launch of sovereign debt restructuring negotiation, although no proposal has been disclosed yet. Uncertainty surrounding the restructuring process would continue in the short term, added to the extension of the Buenos Aires Province’s consent solicitation term. On the fiscal side, expectations are based in the implementation of a comprehensive plan that makes restructuring sustainable in the long term and not just a short-term relief due to their CACs.
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Fixed Income Weekly