The United States will once again finance investment projects in Argentina

The United States will once again finance investment projects in Argentina

Argentina today signed agreements with the Corporation for Private Investments Abroad (OPIC, by its acronym in English) by which that agency of the United States Government will provide financing for 800 million dollars for investment projects in Argentina for 3,000 million dollars .

The six letters of intent, for projects on roads, logistics, gas pipelines and wind and solar energy, were initialed at the headquarters of the Argentine Foreign Ministry, on the eve of the arrival in Buenos Aires of the US president, Donald Trump, to attend the meeting. summit of G20 leaders.

Argentine Foreign Minister Jorge Faurie highlighted the "excellent state" of bilateral relations and said that the decision to finance investment projects in Argentina shows who the "friends" of the South American country are.

For his part, the Argentine Minister of Production, Dante Sica, said that these agreements are signed at a particular time for his country, which is going through "a crisis, but in which there is a very firm forward look".

"This support that OPIC is giving us, which the US Government is giving us, to finance projects is a very important boost and a gesture of confidence," Sica stressed.

Based on the letters of intent signed today, OPIC, which has not financed projects in Argentina for seven years, will carry out the technical evaluations required to provide financing in the various initiatives led by companies such as YPF, Tecpetrol and Geneia, among others. .

"We have gone from zero projects in recent years to committing to $ 3 billion projects, and we are very proud to be able to achieve this," said OPIC President Ray Washburne.

The Minister of Transportation, Guillermo Dietrich, also participated in the signing of the agreements; the Secretary of Energy, Javier Iguacel; and the United States Ambassador in Buenos Aires, Edward Prado.


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