Exclusive: Argentine debt talks could reach a breakthrough in days – source

BUENOS AIRES (Reuters) – Argentina’s talks with creditors over restructuring around $65 billion in foreign debt could reach a breakthrough “in a matter of days,” a source close to the negotiations and familiar with the government’s thinking told Reuters on Friday.

“There has been notable progress and a comprehensive deal is certainly possible in a matter of days, not months,” the person said, asking not to be named as the talks were private.

The South American grains producer is at a critical juncture in the talks, which are key to avoiding a messy default that would threaten to leave the country locked out of international capital markets as its already fragile economy suffers from the coronavirus pandemic.

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