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New ATFA ad Sets the Facts Straight on Argentine Debt Repayment
Press Release
April 14, 2010

ATFA Wall Street Journal ad wraps up President Kirchner's visit to D.C.

WASHINGTON American Task Force Argentina (ATFA), a coalition seeking a fair resolution of the Argentine 2001 sovereign debt default and 2005 debt restructuring, issued a full-page print advertisement in the Wall Street Journal contrasting the facts about Argentina's debt repayment with the recent claims by the Argentine government. As Argentine President Cristina Kirchner leaves Washington, D.C. following the Nuclear Security Summit, the group called on her to "Tell the truth. Honor your debts."

In addition to the advertisement, ATFA welcomed President Kirchner to Washington, D.C., by distributing postcards outside places where President Kirchner was scheduled to appear, including the U.S. Chamber of Commerce, the Smithsonian Institution, the Hirshhorn Museum and Sculpture Garden and the National Museum of the American Indian.

The postcards presented President Kirchner with a "collection notice," calling attention to the $3.8 billion that Argentina owes its U.S. creditors, and the associated costs to U.S. investors and taxpayers. The postcards allowed individuals to send the message to their Members of Congress that Argentine debt repayment should be a priority.

"Argentina must negotiate in good faith with all of her creditors and resolve the scores of lawsuits against the country, before she can return to international capital markets," ATFA co-chair Robert Shapiro said. "These bonds have been in default for far too long, and it is time for Argentina to offer its lenders a reasonable proposal for a debt swap. ATFA hopes that Argentina will finally follow this course and provide its bondholders with a fair offer."

Visit www.atfa.org to see the full print advertisement that points to the Argentine Government's fabrications about not being able to pay its debts in full, its denial of over 117 U.S. court judgments in favor of its creditors, and its false claim that the debts currently in default were incurred during the military dictatorships of 1976-1983.

Comprised of an alliance of diverse organizations, ATFA's leadership includes Executive Director Robert Raben, a former Assistant Attorney General at the U.S. Department of Justice, and is co-chaired by The Honorable Robert J. Shapiro, former Under Secretary of Commerce for Economic Affairs in the Clinton Administration, and Ambassador Nancy Soderberg, Ambassador at the U.S. Mission to the United Nations in New York from 1997 to 2001.

For additional information on ATFA's activities, please visit www.atfa.org, or contact media@atfa.org, or +1-888-662-2382.

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