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Caputo travels to Washington together with Frigerio and five Governors to sign an Agreement with the IDB for USD 120 million

The loan is for the Program to Strengthen Provincial Management that aims at the improvement of jurisdictions’ fiscal autonomy through the financing of projects.

The Minister of Finance, Luis Caputo, is traveling next Monday to Washington within the framework of the approval of a USD 120 million loan from 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.

The Finance Minister will travel together with the Minister of Internal Affairs, Public Work and Housing, Rogelio Frigerio. He will also be accompanied by the Governors Ricardo Colombi from Corrientes, Alfredo Cornejo from Mendoza, Hugo Passalacqua from Misiones, Omar Gutierrez from Neuquen, and Juan Manuel Urtubey from Salta.

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 share 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. In addition, Mr. Minister will also meet with the General Manager of Inter-American Investment Corporation (IIC), James Scriven, and later he will be meeting with Argentine experts of the institution.

On Wednesday, February 22, at the American capital city, the Argentine officials will give a speech at the IDB “Progress in Fiscal Federalism in Argentina” before an audience of experts. Caputo, Frigerio, the Secretary of Provinces, and the Provincial Governors will participate of the exhibition. The Argentine Ambassador in the United States, Martín Lousteau will also attend.

After that, 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. The Program is aimed at the contribution for growth and private employment, through the improvement of income, expenditure and public investment, as well as the implementation of investment projects.

Finally, on Thursday, February 23, Pablo Quirno and Martín Soto will participate together with Raúl Novoa of the Joint Meeting of the Board of Governors of the IDB and the IIC.