VOICED : Argentina intenta aplazar el pago de fondos buitre

Argentina requested a temporary suspension of a court ruling mandating a $1.33 billion payment to hedge funds, as it negotiates to avoid default. Talks with creditors took place in New York, aiming to prevent a moratorium. These creditors, known as vulture funds, bought the debt in default and seek full payment plus interest. The judge's decision on Argentina's request could prevent asset seizures meant for other creditors who accepted debt swaps in 2005 and 2010. The grace period for Argentina to pay $900 million on restructured bonds ends on July 30. Latin American political blocs expressed concern over the US court's decision, with Mercosur members, led by Brazil, showing support for Argentina, emphasizing that payments should not hinder economic growth or citizens' welfare.

What action did Argentina take regarding the court ruling on its debt?

• Ignored the ruling

• Agreed to pay immediately

• Asked for a temporary suspension

• Requested a permanent cancellation

Who are the creditors involved in the negotiations with Argentina?

• Private investors

• Vulture funds

• International organizations

• Local banks

What is the main goal of the negotiations between Argentina and the hedge funds?

• To increase the debt amount

• To avoid a default

• To change the currency of payment

• To extend the payment deadline

What could the judge's decision on Argentina's request prevent?

• A rise in interest rates

• An increase in inflation

• Seizure of funds for other creditors

• A change in government

How did Latin American political blocs react to the U.S. court's decision?

• They celebrated the decision

• They remained neutral

• They expressed concern

• They supported the court's decision