For the 3rd time, the government has extended its deadline to restructure more than $65 billion in a bid to seal a deal with its creditors. The news was confirmed by the Economy Ministry Martín Guzmán on June 1st, which hinted Argentina will sweeten its offer to creditors one more time in a bid to seal a deal before the new shut-off point of June 12. The government said it would announce results by June 15 or “as soon as possible thereafter.”
In parallel, lockdown in Buenos Aires and its surroundings could last until late July/early of August as virus peak is near, according to City government official.