"Ghana's court upheld the rule of law today. This was a victory for the country, and the people of Ghana are the beneficiaries," Robert Raben, the director of the American Task Force Argentina, a Washington lobbying group representing jilted bondholders, said in a statement Thursday.
"As a country upholds the rule of law, investment increases and the economy grows. This is precisely the opposite direction that Argentina has gone -- repudiating debt that it has the ability to pay, defying court judgments, nationalizing (the oil producing firm) YPF, expropriation of public pension assets. As a result of these policies, investment into Argentina has evaporated, and it has become isolated from the international community."
AP writers Almudena Calatrava and Michael Warren in Buenos Aires contributed to this report.
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