Gramercy Statement on Agreement Between Argentina and its Creditors

General Press Releases Wednesday August 5, 2020 09:49
GREENWICH Connecticut--5 Aug--PRNewswire/InfoQuest
Gramercy Funds Management issued the following statement after the Argentine Government announced an agreement was reached today between Argentina and an important subset of its creditors.

"We believe that this consensual breakthrough is yet another important building block in the collaborative approach needed to help address Argentina's debt challenges," said Robert Koenigsberger, founder and CIO of Gramercy. "This agreement will allow the country to sustain high growth, reduce poverty, and enable more Argentines to meet their legitimate aspirations for a better standard of living for their families – all of which are also essential for improving creditworthiness and breaking the cycle of boom-bust external financing."

"Gramercy will continue to work closely with the Argentine authorities and other stakeholders with a view not only to finalize this important debt agreement but also to open the way for more pro-growth and financially-sustainable investments in Argentina," Koenigsberger concluded.

About Gramercy Funds Management

Gramercy is a dedicated emerging markets investment manager based in Greenwich, CT with offices in London and Buenos Aires. The $4.75 billion firm, founded in 1998, seeks to provide investors with superior risk-adjusted returns through a comprehensive approach to emerging markets supported by a transparent and robust institutional platform. Gramercy offers both alternative and long-only strategies across emerging markets asset classes including capital solutions, private credit, distressed debt, USD and local currency debt, high yield/corporate debt, and special situations. Gramercy is a Registered Investment Adviser with the SEC and a Signatory of the Principles for Responsible Investment (UNPRI). Gramercy Ltd, an affiliate, is registered with the FCA. For more information, please visit www.gramercy.com


Latest Press Release

SET joins forces with FETCO to open up career opportunities in capital market at “JOB EXPO THAILAND 2020” during Sep 26 - 28

The Stock Exchange of Thailand (SET), together with Federation of Thai Capital Market organizations (FETCO), participates in “JOB EXPO THAILAND 2020”, offering opportunities for those who are keen to work with securities firms, listed...

SSI Schaefer Joins the "50 Sustainability and Climate Leaders" Initiative

SSI Schaefer joins the "50 Sustainability and Climate Leaders" initiative, to raise a voice for sustainable, economical, and future-proof material handling solutions. #Think Tomorrow. A race we can win - this is the pinnacle of climate conscious...

56 Million Dollar Turnover: the Second World Lemon Industry Development Conference Kicks off in Anyue, China

China News Service report: The second World Lemon Industry Development Conference (WLIDC) kicked off on Monday in Anyue, China's largest lemon producer, with the 56 million dollars in orders at the trade fair. Yang Xiubin, head of Sichuan provincial...

Chia Tai Strengthens Food Security by Providing Vegetable Seeds under Second Phase of "Next-door fridges for coping with COVID-19" project

Mr. Manas Chiaravanond, Chief Executive Officer of Chia Tai Company Limited, Thailand’s leading innovative agricultural company, joins forces to bolster the nation's food security by supporting the second phase of "Next-door fridges for coping with...

Panjin, China Rural Revitalization Industry Expo Held Successfully in 2020

Panjin, China 2020 Rural Revitalization Industry Expo was held in Panjin from Sept. 22nd to Sept. 24th. This exhibition has attracted nearly 800 enterprises from domestic and abroad, and more than 300 purchasers participated in the exhibition. "Online +...

Related Topics