Argentina and its bilateral creditors, coordinated by the Paris Club, have reached a deal to settle outstanding loans that were in default since 2001. According to the agreement made on 29 May, Argentina is going to pay US$ 9.7 billion over the next five years.

This Eurodad report looks at the new debt picture in the sixth year of the global financial crisis. Debt vulnerabilities have changed, but overall they have not been substantially reduced. Unsustainable and illegitimate debt is still a risk to financial stability and, ultimately, to the economic and social fabric of our nations.

The long litigation odyssey between the government of Argentina and holdout creditors continues.

As the United Nations moves rapidly towards alternative proposals to sovereign debt work-out, it seems that the International Monetary Fund (IMF) does not want to be sidelined on the issue.

Campaigners dismayed at the International Monetary Fund’s new lending

Almost 40 civil society organizations signed a letter calling upon Members of the European Parliament Committee on Development and European Development Ministers to take action with respect to Haiti’s debt.