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Sergio Massa managed to close a new disbursement from abroad for US$840 million

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The Minister of Economy, Sergio Massaagreed this Tuesday in Chili along with the directory Development Bank of Latin America (CAF) a disbursement of 840 million dollars in support to continue works on the gas pipeline Nestor Kirchner. “This disbursement for Argentina is going to be very important,” he said.

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“More important is what the second stage of the Néstor Kirchner pipelinea work that allows us to take advantage of the second world gas reserve as a resource, not only Argentines because we hope that it will be the strengthening of an energy matrix,” he said. Sergio Massa.

Regarding the work, he defined: “Today it has a national character and can be transformed into a multilateral asset that will allow us to carry gas through Bolivia in a strategic alliance.”

“I understand the view of developed countries that, perhaps, do not have resources under their soils nor do they have the need and the challenge of developing. Developing countries that have resources that we can develop, we can work together,” he continued. .

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Along these lines, he highlighted the joint work with the countries of the region and stressed: “We are the region of water, we are the region of rare minerals and we see developed countries coming to Chile and Bolivia looking for lithium.”

Towards the end of his presentation, he reflected: “In the past we did not have the instruments to be able to carry out these projects, Instruments such as CAF give us the possibility of accessing one of the largest gas reserves“.

“Today is a very important day: 840 million dollars in support from CAF is a very important investment instrument for development,” he concluded.

CAF financing agreement for Argentina

Sergio Massaarrived in Chile to meet with the board of directors of the Development Bank of Latin America (CAF)to agree loans for the financing of the Néstor Kirchner gas pipelineamong other projects.

Massa traveled accompanied by Secretary for International Economic and Financial Affairs of the Ministry of Economy and director of INDEC, Marco Lavagnahe president of ENARSA, Augustine Gerez and his adviser in international relations, Gustavo Martinez Pandiani.

Reversion of the North Gas Pipeline – Complementary works to the President Néstor Kirchner Gas Pipeline

The project will allow advance in the second stage of construction of the gas pipeline and manage to start with the exports to both Chile and Brazil from the north.

Source: Ambito

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