With the signing of the Paris Club agreement, the restrictions to access US foreign trade credit for the Argentine private sector are lifted.
The Minister of Economy, Sergio Massa, held a meeting in Washington DC with the Undersecretary of Economic Development, Energy and Environment, Jose W. Fernandezin which a particular agreement was signed with the United States for the debt refinancing that Argentina maintains with the group of creditor countries.
“With the aim of continuing to order and regularize international financial relations and continuing the path we began in October of last year when we signed the general agreement with the Paris Club, we signed a specific bilateral agreement with the United States,” said the head of the Palacio de Hacienda after the meeting.
In this sense, Massa highlighted that “in 2019 Argentina stopped paying the member countries of the Paris Club and now we are regularizing it, so these advances open the door to the search for new strategic investment projects with financing.” international”.
The signed agreement is part of the implementation of the understanding with the Paris Club, helping to sustain the recovery of economic stability and opening possibilities for bilateral financing of infrastructure projects and export promotion.
Source: Ambito
