Given the difficulties that the Government has in lowering the country’s risk and going out to renew the debt in the voluntary markets, Economía seeks to transfer part of the sovereign debt to multilateral organizations and agencies.
He Secretary of Finance, Pablo Quirno, announced on Monday afternoon that the Argentine government began negotiations with international credit organizations for an operation of bond buyback of the Argentine debt, with the aim of freeing resources for education.
Through the social network reduce the cost of financing the country and strengthen investment in education”.
“This operation, commonly called ‘Debt for Education’, consists of repurchasing Argentine sovereign debt in the market and replace it with financing at lower rates thanks to the support of multilateral agencies and organizations,” the official indicated
He specified that “for its structuring, a JPMorgan as the bank that will assist us in this process” and added that “the savings generated by this operation will be used to consolidate long-term educational investment, reaffirming the Government’s commitment to the development of human capital and the future of Argentines.”
News in Development.-
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
