BUENOS AIRES (AP) -- President Cristina Fernandez says Argentina will pay its entire US$6.7 billion debt to the Paris Club of lending nations.
Fernandez says the payment will "confirm Argentina's willingness to meet its international obligations."
Fernandez told reporters Tuesday that Argentina will use some of its US$47.2 billion in foreign currency reserves to pay the debt.
Argentina has owed the Paris club for more than six years following its historic 2001 default on about US$95 billion in bonds.
Analysts have recently questioned the country's capacity to continue servicing other debt.
The Paris Club is an umbrella group of wealthy creditor nations including the United States.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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