On Jan. 13, the Argentine government opened negotiations with its holdout bondholders, which are demanding payment for the debt Buenos Aires defaulted on in 2001. The meeting is crucial for Argentina's immediate and future economic prospects. Immediately, the meeting signaled to investors that Argentina is willing to settle its obligations to foreign creditors . Longer term, the meeting puts Argentina one step closer to resolving its debt crisis quickly and, in turn, gaining access to more global capital markets. The Macri administration's willingness to address the government's fiscal imbalances and engage with creditors reflects a policy agenda that is very different from that of its predecessor, led by former President Cristina Fernandez de Kirchner. While Fernandez periodically held talks with the holdout creditors, reaching an actual agreement was never a politically feasible goal.