In a warning to Ukrainians who advocate trying to muddle through this year without an IMF deal, Argentina’s biggest bondholders have rejected the government’s offer to restructure $83 billion of foreign debt, raising the prospect of the country’s ninth sovereign debt default, reports The Financial Times. In what may be the first round of negotiations, three creditor groups rejected the government’s terms to restructure debt issued since 2016 and to re-restructure bonds issued in 2005 and 2010.
In a warning to Ukrainians who advocate trying to muddle through this year without an IMF deal,
