Bringing you live news and features since 2006 

Robert Shapiro

ATFA’s Robert J Shapiro and Nancy Soderberg support Argentina’s settlement with Paris Club


Following Argentina's agreement to resolve its USD9.7 billion in debts to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and encouraged the Argentine government to go further.

"The ultimate path to normalisation must also include negotiating Argentina's longstanding debts with its private creditors as well," says Soderberg. "Engaging private creditors is the next, necessary step to unlocking the Argentine government's remaining barriers to foreign capital markets. Taking that step will create tremendous and immediate benefits for the Argentine people."
"We urge that the Argentine government to continue on this path of negotiation, normalisation and settlement," says Shapiro (pictured). "ATFA members are ready and willing to conclude a reasonable and fair agreement. The time is now. But Argentina must demonstrate its willingness to enter that process."
Among the private creditors with whom Argentina has refused to negotiate is ATFA member NML Capital. In a recent interview with Der Spiegel magazine, senior NML portfolio manager Jay Newman expressed disappointment with Argentina's longstanding refusal to take up the request for negotiations from its private creditors, saying: "We propose that Argentina negotiate with us and with the other private creditors about the pending debts to find a mutually agreeable solution," and indicated that a fair resolution was within reach.
The American Task Force Argentina (ATFA) is an alliance of organisations united for a just and fair reconciliation of the Argentine government's 2001 debt default and subsequent restructuring. Members work with lawmakers, the media, and other interested parties to encourage the United States government to vigorously pursue a negotiated settlement with the Argentine government in the interests of American stakeholders.

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by