The chancellor, Diana Mondino, was on tour in China. From there she confirmed that the Government of Javier Milei “is going to pay the swap” with the Asian country, like all the debts that the national administration has.
The chancellor Diana Mondino and the Secretary of Finance Pablo Quirno they traveled to China and now they are in Paris. Representatives of Javier Milei’s administration confirmed that the Chinese swap will be paid. Officials stressed, however, that The exchange has been going on for decades and they confirmed that they did not ask China for the US$15 billion necessary to get out of the stocks.
“The swap has existed for more than 20 years. Why is this year a matter of great concern? It is true that Massa used it in a way absolutely out of everything imagined to intervene in the market, with a mechanism of extremely dubious transparency. But the swap as such has existed for decades,” he confided. Mondino.
What Quirnohe completed: “The swap is an exchange to promote trade. So it is to facilitate trade. In this way a disbursement has been made in the government of Alberto Fernández. As the chancellor said, it was used in a way that was not predestined. And so, we are in this conversation: it is one more issue of the bilateral relationship. It’s not the issue at all.”
Finally, Mondino confirmed that they will pay the swap. “We have been paying in these four or five months that the Government has been in office. We have been complying with all of the commitments,” he expressed and expanded: “When we say that there is no deficit, it does not even include the financial deficit. Principal and interest have been paid. Or the other way around, it should be interest, which is normal, and capital of debts assumed in previous governments.”
“We have been paying, which is another surprising thing. There is talk that the deficit was met based on not paying debts. For example, with electric generators, when we are paying debts that were six months old. The previous government left tons, but… “, he closed.
Source: Ambito
