Martin Guzman

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‘We cannot sustain the debt load today, so we have to transform that load’, says economic minister Martin Guzman.

Buenos Aires – Argentina’s economy minister is sending a bill to Congress aimed at creating a legal basis for Latin America‘s third-largest economy to improve the terms of billions of dollars in loans. On Tuesday, he asked lenders to exhibit good faith as the new government seeks to fix a “profound” crisis.

“The situation today in Argentina is critical. We cannot sustain the debt load today, so we have to transform that [debt agreement] into something that is sustainable,” said Minister of Economy Martin Guzman at a press conference in Buenos Aires. “We want to make promises we can keep.”

Source: Aljazeera

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