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United States approves $ 813 million loan for Argentina



On the eve of the G20 Summit, which will take place this weekend in the city of Buenos Aires, the United States Government he granted a loan to Argentina to increase investment in the country.

Chancellor Jorge Fori headed this Wednesday afternoon at Palacio San Martín, at the signing of the “Letter of Intent” with the Private Investment Corporation abroad (OPIC, for its acronym in English), which was organized provide funding in the amount of US $ 813 million and expects them to mobilize, over 3000 USD investment in the infrastructure, renewable energy and logistics sectors.

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

“This signing of agreements is extremely important proof of confidence in the bilateral relations between our countries,” said Fauri during the event, which took place in the Golden Hall of the Palace.

Chancellor Jorge Fori confirmed that the United States will provide Argentina with a loan of $ 813 million.
Chancellor Jorge Fori confirmed that the United States will provide Argentina with a loan of $ 813 million.

The Foreign Minister also stressed that this type of investment is “decisive” for Argentina. “We are very interested in participating and financing in PPP projects,” he added.

Through these Letters of Intent, which constitute preliminary agreement, OPIC will conduct technical evaluations required for the payment of money.

A US government financial institution that supports companies in accessing emerging markets has capital of $ 29 billion. USA and sold in more than 100 countries.

Letters of intent that have been signed

PPP Road Corridor Project C (Buenos Aires-Mendoza): $ 250 million USA. Company: Astris Infrastructure.Ullum I, II and III Solar Project and Project Chubut Wind III III and IV: 118 million US dollars. Company: Genna S.A.Vaca Muerta gas pipeline project – San Nicolás: 350 million US dollars. Company: Tecpetrol and Transportadora de Gas del Sur.Cañadón León windmill project (Santa Cruz): $ 50 million. USA. Company: YPF Luz.Logistics park expansion project (Greater Buenos Aires): $ 45 million. USA. Company: Plaza Logística SRL.


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