The Secretary of Finance, Pablo Quirnokey man in the ministry that commands Luis Caputosaid that the government’s economic plan “is giving results” and requested electoral support to guarantee its continuity. Referred to the lack of dollars And he estimated when Argentina could solve that issue.
The official called “Put the vote well” for “clear the risk Kuka”And he said that the country’s growth will depend on a stable and favorable macroeconomic environment for private investment.
Accompanied by Facundo Gómez Minujínpresident of JP Morgan for the region, and Viviana Alva Hartrepresentative of the IDB in the country, Quirno presented the foundations of the libertarian economic model and explained that access to international financing is directly linked to fiscal consolidation and predictability.
“Everything we do is validated by a society that sees that the results are coming,” he said. And he assured that SI Argentina manages to triple its exports, especially in energy, agribusiness and mining, “there will be no lack of dollars in the coming years.”
Vaca Muerta Sur: Model for a new stage of private investment
One of the outstanding projects during the event was South Muerta Vacapresented as a witness case of the financing model promoted by the ruling party. Quirno defined it as the most important energy infrastructure project in recent history, with a private investment of U $ 2,000 million No direct state participation.
The pipeline, of 437 kilometers Extension, it will unite Allen with a red tip and must be completed by the end of 2026. Quirno explained that the applied financial scheme was a “Blended Project Finance”in which they participated Eight great oil producerswith YPF leading the consortium and Five banks involved as financatives. The interest rate was structured based on the average financing cost of each company, with an additional Sofr + 550 Basic Points.
For the official, this mechanism is key in the new paradigm: Attract private capital without compromising fiscal resourcesreplicating the model in future large -scale infrastructure works.
Vaca Muerta Petroleum Hydrocarbons
A “new scheme” with macro predictability and clear rules
When comparing with previous experiences, such as PERITO MORENO GAS pipelineQuirno explained that in that case the State had to assume financing, which implied greater costs and delays. Instead, Vaca Muerta Sur was possible thanks to the Macroeconomic stability, the fiscal surplus and the elimination of monetary emissionwhich reduced the cost of capital and the “inflation tax.”
During a panel in the Amcham Energy Forum 2025convened by the United States Chamber of Commerce in Argentina, Quirno was consulted about the return to international financing, he stressed that the government fulfilled all the commitments With the IMF, multilateral organisms and private bonds, which strengthens its credibility. “We are building the necessary Record track to be credible again and refinance future maturities,” he said.
The role of international organizations and energy agenda
Viviana Alva Hart, from IDBreported that the agency approved a program of U $ 10,000 million for Argentina to be executed in three years, destined to energy infrastructure, structural reforms and fiscal consolidation. In addition, he anticipated that the bank works with Nation and provinces to design financing instruments tailored to each project.
For its part, Gómez Minujín estimated that Argentina faces a need for financing U $ 60,000 million In the energy sector, and asked to improve the sovereign credit qualification to facilitate the participation of international banks and export credit agencies (ECAS).
Political stability as a trusted engine
At the closure of the panel, Quirno returned on the political level and stressed that institutional predictability will be decisive to sustain the flow of investments. “Congress does not build routes or gas pipelines, but builds a future if you legislate with responsibility and economic freedom,” he said, in line with the defense of the Incentive regime to large investments (Rigi)which already has Six approved projects and a projection of U,13,000 million In investment.
“The state has to paint the court. But those who play are the private ones. We only put the nets and the ball,” Quirno summarized. And concluded with a political warning: “To clear the Kuka risk, you have to put the vote well”.
Source: Ambito
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