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GREENWICH, Connecticut, Aug. 4, 2020 /PRNewswire=KYODO JBN/ --

Gramercy Funds Management issued the following statement after the Argentine

Government announced an agreement was reached today between Argentina and an

important subset of its creditors.

"We believe that this consensual breakthrough is yet another important building

block in the collaborative approach needed to help address Argentina's debt

challenges," said Robert Koenigsberger, founder and CIO of Gramercy. "This

agreement will allow the country to sustain high growth, reduce poverty, and

enable more Argentines to meet their legitimate aspirations for a better

standard of living for their families – all of which are also essential for

improving creditworthiness and breaking the cycle of boom-bust external

financing."

"Gramercy will continue to work closely with the Argentine authorities and

other stakeholders with a view not only to finalize this important debt

agreement but also to open the way for more pro-growth and

financially-sustainable investments in Argentina," Koenigsberger concluded.

About Gramercy Funds Management

Gramercy is a dedicated emerging markets investment manager based in Greenwich,

CT with offices in London and Buenos Aires. The $4.75 billion firm, founded in

1998, seeks to provide investors with superior risk-adjusted returns through a

comprehensive approach to emerging markets supported by a transparent and

robust institutional platform. Gramercy offers both alternative and long-only

strategies across emerging markets asset classes including capital solutions,

private credit, distressed debt, USD and local currency debt, high

yield/corporate debt, and special situations. Gramercy is a Registered

Investment Adviser with the SEC and a Signatory of the Principles for

Responsible Investment (UNPRI). Gramercy Ltd, an affiliate, is registered with

the FCA. For more information, please visit www.gramercy.com

Source - Gramercy Funds Management LLC

CONTACT: Investors: Lacie Smith, Gramercy, 203-552-1928, lsmith@gramercy.com,

Media: Steve Bruce / Rachel Bangser, ASC Advisors, 203-992-1230,

sbruce@ascadvisors.com / rbangser@ascadvisors.com