Friday , May 14 2021

The United States approved a loan for Argentina of $ 813 million

In anticipation of the G-20 summit, which will be held this weekend in Buenos Aires, the US government he approved a loan to Argentina to increase investment in the country.

Chancellor Jorge Faure led this Wednesday afternoon in Palacio San Martin, a signing ceremony of Letters of Intent with the Corporation for Private Investments Abroad (OPIC, for its acronym in English), which was agreed as a goal provide funding of 813 million US dollars and predicts that they will mobilize, in total, more than 3,000 USD investment in infrastructure, renewable energy and logistics.

Ambassadors Edward Prado of the United States also attended the ceremony; Fernando Oris de Roa, from Argentina; Minister of Production and Labor, Dante Sika; Energy Secretary Javier Iguazel; and the Minister of Transport, Guillermo Dietrich.

"This signing of contracts is an extremely important proof of confidence in the bilateral relations between our countries," Fauri said during the event, which took place at the Golden Hall in the Palace.

Chancellor Jorge Fauri has confirmed that the United States will provide a $ 813 million loan to Argentina.
Chancellor Jorge Fauri has confirmed that the United States will provide a $ 813 million loan to Argentina.

The foreign minister also noted that this type of investment is "crucial" for Argentina. "We are very interested in participating and funding in PPP projects," he added.

Through these Letters of Intent, which make up preliminary preliminary agreement, OPIC will perform the technical assessments necessary for the payment of money.

The US government financial institution, which supports companies to access emerging markets, has a capital of $ 29 billion and projects in more than 100 countries.

Letters of intent that were signed

PPP project on the road corridor C. (Buenos Aires РMendoza): $ 250 million. Company: Astris Infrastructure.Solar Energy Project of Ullum I, II and III and Project Chubut Wind III III and IV: $ 118 million. Company: Genneia S.A.Vaca Moerta gas pipeline project РSan Nicolas: $ 350 million. Company: Tecpetrol and Transportadora de Gas del Sur.Windmill Project for Canadon Leon (Santa Cruz): $ 50 million. Company: YPF Luz.Project for expansion of logistics parks (Greater Buenos Aires): $ 45 million. Company: Plaza Logística SRL.

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