The Minister of Economy, Sergio Massa, held a meeting yesterday in Washington DC with the Undersecretary of Economic Development, Energy and Environment of the United States, José W. Fernández, in which a private agreement was signed with the North American country for the refinancing of the debt that Argentina maintains with the Paris Club. With the signing of the agreement with the group of countries, the restrictions to access US foreign trade credit for the Argentine private sector are lifted.
“In order to continue ordering and regularizing 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 Palace. of the Treasury 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 international financing.” ”.
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
