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The Argentine Government agreed USD 5.65 billion Financing with Multilateral Organizations

The resources, which double the current annual amount received by Argentina from these organizations, are part of the agreement with the International Monetary Fund (IMF) and broaden the availability of funding

The Argentine Government has obtained an important source of financing for its economic program with new rapid-disbursement lines of credit for a total of USD 5.65 billion agreed with the Inter-American Development Bank (IDB), the World Bank (WB) and the Development Bank of Latin America (CAF), to be paid during the next 12 months.

For the rest of the year and in 2019, this financing will double the current financing received by Argentina from these organizations. The resources are part of the financing agreed upon by the Government and the International Monetary Fund (IMF).

The IDB has agreed financing for USD 2.5 billion, the World Bank for USD 1.75 billion and the CAF – Development Bank of Latin America – for USD 1.4 billion.

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Luis Caputo met with Presidents of Banks

The Minister of Finance, Luis Caputo, and the Chief of Cabinet, Pablo Quirno, met this afternoon at the building of the Ministry of Treasury with the presidents of the banks to evaluate the political and economic context and to talk about the market situation.

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  2. Ministry of Economy
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Dujovne met with the Minister of Treasury of Chile, Felipe Larraín

The Minister of Treasury, Nicolás Dujovne, arrived today at Santiago de Chile and met with his peer, Felipe Larraín. At the meeting, they talked about fiscal issues. Larraín explained Chile’s experience in the “Fiscal rule of the country”, which allowed Chile to maintain a responsible fiscal path. Dujovne welcomed Chile’s contribution as guest country of Argentina’s presidency of G20 and its support in the process of Argentina accessing the OECD.

The following officials also participated in the meeting: Ariel Sigal, head of International Affairs; Fernando Jasnis, Undersecretary of Budgetary Administration and Normalization; and José Octavio Bordón, Argentine Ambassador in Chile.

During the afternoon, Dujovne will be holding a meeting with the President of Chile, Sebastián Piñera.
Finally, Mr. Minister will be participating in an event with Chilean investors.

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  2. Ministry of Economy
  3. Ministry of the Treasury 2017-2019
  4. Topic: ARCHIVADA

Bilateral Agreement for the launch of the Brazil-Argentina Passport for Funds Project

Within the framework of the bilateral agreement for the launch of the Brazil-Argentina Passport for Funds Project, the Minister of Finance, Luis Caputo, held a meeting with the President of the Argentine Securities and Exchange Commission (CNV, for its acronym in Spanish), Marcos Ayerra; and the President of the Securities and Exchange Commission of Brazil (CVM, for its acronym in Portuguese), Marcelo Barbosa.

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