 |
| Alberto Fernandez |
Glover Park Group is providing strategic communications services to Argentina, which is on the brink of defaulting on $66B in debt held by Wall Street bankers and other foreign entities.
The COVID-19 economic lockdown, rising healthcare costs, rampant inflation and increased poverty among its 45M people make it likely that Argentina will default for the third time in two decades when a $503M debt payment comes due May 22.
The government of Alberto Fernandez, which took power seven months ago, is forecasting a 6.5 percent economic contraction during 2020.
The New York Times warns that another default threatens to revive Argentina's "reputation as a serial deadbeat and global financial pariah."
Glover Park is counseling Argentina's DC embassy on its diplomatic and economic relations with the US as a subcontractor to Arnold & Porter Kaye Scholer.
Brett O'Brien, managing director; Joshua Gross, senior VP, and Elliot Stein, director, report to Juan Usandivaras, who oversees investment and international trade at the embassy.
WPP owns Glover Park Group.
Havas Media Germany has hired Piro Inc. to further the digital push of the Israel Government Advertising Agency to sway US public opinion.
Hogan Lovells has signed a $100K monthly pact to represent Venezuela’s Ministry of Economy and Finance, and its Washington embassy.
Liberia has agreed to pay a $100K monthly retainer to Ballard Partners for counsel on how to improve its relations with the US.
Romania has signed a $565K monthly contract with Eversheds Sutherland for strategic counsel and government relations activities.
The Taipei Economic and Cultural Representative Office has enlisted Checkmate Government Relations for strategic counsel under a six-month pact worth $300K.
