Deputies approve amendment with Argo

Dr1.com , Santo Domingo, October 18 th 2007

The Chamber of Deputies has approved an amendment covering the loan agreement with the Argo Fund Ltd., which paves the way for a restructuring of the foreign debt with the Paris Club, which is a little over US$33 million. The favorable report from the Treasury's Permanent Senate Commission revealed that some of the bilateral restructuring agreements had been ratified after the agreed date, which led to a lawsuit by Agro Fund Ltd. The approval of the amendment will open the way for the reactivation of the agreements and a suspension of the lawsuit.