The economist at the head of Alberto Fernández assured investors that "there is a willingness to pay"

As the dollar progressed despite the intervention of the Central Bank and as Argentine badets collapsed again, Guillermo Nielsen, one of Alberto Fernández's economic advisers, played in a conference with investors and badured them that a possible Front Front Government will seek, in agreement with the IMF, a "Reperfilation" "voluntary" debt maturities for bondholders.

This was confirmed by Nielsen himself in the dialogue with TN.com.ar. During the telephone conversation that took place on Tuesday morning, the former Secretary of Finance had a conversation with a group of investors in Argentine public securities of the United States. Sovereign bonds fell in the last wheel up to 12% in the case of Bonar 2020.

The sharp declines in Argentine debt prices reflect market skepticism as to the certainty of a normal payment and under the initial conditions, and suggest that there will be in the coming months a renegotiation mechanism under the conditions under which the country will return these credits.

As he was able to reconstruct this support according to market sources, the financial advisor of Alberto Fernández said at the conference that the Frente de Todos "willingness to pay" but he mentioned that under the current conditions, the country's "payment capacity" would be affected.

In this sense, investors have taken note of Nielsen's ideas in case the political sign changes at Casa Rosada. The former manager said he would look for "repercussion" in the debt maturity agenda, in order to have a longer period of time for the refund

At the same time, this option, considered among the most "favorable" to the market in a context of renegotiation, would not result in a reduction of capital that investors would receive, but a delay in bonds.

This process of rediscussion of the debt conditions, Nielsen badured the investors, would take place within a reasonable time. "voluntary" scheme and with the agreement of the International Monetary Fund, which is one of the country's leading creditors. In this sense, he ruled out an exchange of bonds like that of Nestor Kirchner's government in 2005, which included pronounced withdrawals.

The market crisis continued on Tuesday with a further decline in the values ​​of Argentine bonds and equities. Debt securities experienced a price collapse of 12% and sometimes accumulate the 50% loss. Country risk exceeded 2000 points.