To date, Argentina’s active portfolio of projects with the World Bank totals US$8 billion. During the meeting, Martin Guzman He discussed the importance of continuing to deepen cooperation with the multilateral credit organization in sectors such as health, transportation, social inclusion, water and the environment.
The meeting was also attended by the Secretary of Economic Policy, Fernando Mora; Secretary for International Economic and Financial Affairs, Maia Colodenco; the Alternate Executive Director for Argentina and the Southern Cone at the World Bank, Cecilia Nahon; who seconded her in office, Marcelo Bargand the National Director of Financing with international credit organizations of the Secretariat for Strategic Affairs, Sebastian Rosales.
During the meeting, the vice president of the World Bank told the minister the commitment that the organization continues to have with the country, and highlighted the support for the different programs underway and the good pace of disbursements during 2021 and 2022.
For the World Bank were also present at the meeting jordan schwartzDirector of the World Bank for Argentina, Paraguay and Uruguay (via zoom); Paul ProceeOperations Manager for Argentina, Paraguay and Uruguay; Anna Maria Aviles, Equitable Growth Program Leader, Finance and Institutions; Y Emmy YokoyamaSenior Operations Officer.
Debt: Guzmán travels next week to meet with the Paris Club
After a day where the dollar climbed to a new record, the Minister of Economy, Martin Guzmanwill travel to France to hold formal negotiations with the paris club. The meeting is scheduled for next Wednesday, July 6, reported from the Palacio de Hacienda, with the aim of restructuring the agreement for the debt with creditors in 2014.
Thus, Guzman will leave for French lands next week, on a special mission that will have the challenge of negotiating the debt agreement with the paris club. This was agreed by the minister with authorities of the agency, in a dialogue that they held in the last few hours.
The restructuring of the 2014 Joint Statement it is considered critical, in order to reestablish relations with the export credit agencies that form part of the club. This issue is important for the Government, given that restructuring the debt with the Parisians would be a positive boost in the current global scenario, as a sign of confidence to generate investment development opportunities in the energy sector.
Investments in the energy sector they are a key point for the Government, in the context of the conflicts generated by problems in the supply of diesel. For a week, different parts of the country have been affected by the strike of cargo carriers, which generates several complications. Among them, the lack of distribution of raw materials, crops, products and the shipment of grains to the ports, which affects the income of foreign exchange due to the fall in the amount of exported resources.
Source: Ambito
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