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SOURCE American Task Force Argentina
American Task Force Argentina welcomes members of the Argentine Congress to discuss resolving the country's private debt during their trip to Washington, D.C.
WASHINGTON, June 10, 2014 /PRNewswire-USNewswire/ -- American Task Force Argentina Co-chair and former Undersecretary of Commerce for Economic Affairs Robert J. Shapiro will host a cocktail reception to honor members of the Argentine Congress, who travel to Washington, D.C. this week.
News reports state that Argentine delegates will travel to Washington to discuss the country's overdue debt and the Republic of Argentina v. NML Capital, LLC court case. Although ATFA members have on numerous occasions offered to sit down with the Argentine government and negotiate a settlement, the government has failed to respond.
This reception offers a unique opportunity for Argentine congressional officials to hear why ATFA believes good faith negotiations are the best way for the two parties to resolve the outstanding debt.
The Argentine Congress' trip to Washington, D.C. could not have come at a better time. After coming to an agreement with the Paris Club, the Argentine government has voiced its desire to return to international financial markets. The best way for Argentina to return to these markets – and the only way -- is to resolve its outstanding debts to private creditors through fair negotiations.
Because the point of this trip is to discuss Argentina's outstanding debt and lawsuit in U.S. courts, American Task Force Argentina urges these representatives of the Argentine Government to also meet with its creditors.
We look forward to meeting with our visitors from Argentina and are hopeful that we can discuss a fair and reasonable negotiations and resolution of Argentina's debts to its private creditors, which should put Argentina on a path toward normalization.
In hopes of getting the invitation to the appropriate Argentine delegates, American Task Force Argentina sent the invitation to the Argentine Embassy in Washington, D.C. and placed advertisements in a few publications, such as Politico, Roll Call, The Hill and Wall Street Journal. To view the advertisement, click here. Please note, the reception is for invited guests only – the Argentine delegation, Argentine Embassy staff and media covering Argentina issues.
About the American Task Force Argentina
The American Task Force Argentina (ATFA) is an alliance of organizations united for a just and fair reconciliation of the Argentine government's 2001 debt default and subsequent restructuring. Our 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.
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