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| 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.
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APCO has signed on to promote this month’s visit of Ahmed Al Khateeb, head of Saudi Arabia’s Ministry of Tourism, to the US.
The Dominican Republic’s Ministry of Tourism has signed on Montieth & Co. for strategic communications and media relations duties as chaos grips neighboring Haiti.
Edelman is negotiating a formal contract with the Bahamas for strategic communications on issues impacting its reputation abroad.
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