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Caputo and Frigerio will sign at the IDB Headquarters the Agreement for the Program to Strengthen Provincial Management

The agreement was approved last December for USD 1120 million to improve the jurisdictions’ fiscal autonomy through the financing of projects.

February 20, 2017

The Minister of Finance, Luis Caputo, traveled this Tuesday to Washington within the framework of the approval of a loan for USD 120 million by the Inter-American Development Bank (IDB) for the Program to Develop and Strengthen Provincial Management. The delegation will be also comprised by the Chief of Cabinet of the Ministry, Pablo Quirno, and the Undersecretary of International Financial Relations, Félix Martín Soto.

During his tough working agenda beginning on Wednesday, Mr. Minister will be accompanied by the Minister of Internal Affairs, Public Work and Housing, Rogelio Frigerio and the Governors Ricardo Colombi from Corrientes, Alfredo Cornejo from Mendoza, Hugo Passalacqua from Misiones, Omar Gutierrez from Neuquen, and Juan Manuel Urtubey from Salta.

The loan for USD 120 million, which was approved by the International Organization on December 2016, aims at strengthening fiscal management and contributing with economic growth. Likewise, it aims at the improvement of income, expenditure and public investment, as well as the implementation of investment projects in strategic sectors that will increase employment in the Provinces’ private sector.

The agreement with the IDB will be signed and the commitment between the National Government and each Province for the financing of the Program to Strengthen Provincial Management will be executed on Wednesday, February 22 at the Headquarters of the IDB in Washington. Likewise, the loan will have a local contribution of 21.2 million dollars.

In addition, on Tuesday, February 21, Caputo, as governor for Argentina before the Organization, will hold a meeting with the President of the IDB, Luis Alberto Moreno, also accompanied by the Argentine representative before the International Organization, Raúl Novoa. After that, they will have lunch with governors of the IDB. Likewise, as responsible for the bilateral relations with this development bank, the head of the Finance Ministry will be holding working meetings with the vice-president of countries of the IDB, Alexandre Meira da Rosa, with the vice-president of sectors, Santiago Ley, and with the vice-president of the IDB, Julie Katzman.