The Ministry of Economy announced the signing of an agreement with the United States, under the Paris Club agreement, which It will allow for the lifting of restrictions on access to US foreign trade credit for Argentina’s private sector.
“Argentina has signed an agreement with the United States under the agreement with the Paris Club,” they reported from the Palacio de Hacienda.
The Minister of the Economy, Sergio Massa, met with the Undersecretary for Economic Development, Energy and the Environment of the United States, José W. Fernández, in Washington on Thursday. There, “the private agreement with the United States for the refinancing of the debt that Argentina maintains with the group of creditor countries” was signed.
“With the aim of continuing to order and regularize international financial relations and continue the path we started in October last year when we signed the general agreement with the Paris Club, Today we signed a specific bilateral agreement with the United States”, said the head of the Palacio de Hacienda after the meeting.
In this sense, Massa underlined that “in 2019 Argentina stopped paying the member countries of the Paris Club and now we are regularizing it, therefore these advances open the door to the search for new strategic investment projects with international funding”.
The agreement signed is part of the implementation of the agreement with the Paris Club, “helping to support the recovery of economic stability and opening up possibilities for bilateral financing of infrastructure projects and the promotion of exports”.
On Thursday, Massa announced from the North American capital that the export scheme will be expanded with the “agriculture dollar,” which would temporarily extend beyond soybeans to other regional productss, a way to shore up scarce reserves to meet IMF goals.
Source: Clarin
