February 21, 2017

The Minister of Finance, Luis Caputo, met today with the President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, at the headquarters of the organization in Washington. As governor for Argentina before the IDB, Caputo remarked together with Moreno the main items on the common agenda and said: “This meeting enabled to strengthen the strategic alliance between the IDB and Argentina”.

Likewise, both officials talked about the next Inter-American Forum on Microenterprise (FOROMIC), organized by the Multilateral Investment Fund (MIF) of the IDB Group that will take place in Argentina this year. It is the most important annual event related to microfinance and enterprises of the region. In addition, Argentina is getting ready to host the annual Meeting of the Boards of Governors of the IDB and the IIC in 2018.

After the meeting, Caputo highlighted the importance of the Program to Strengthen Provincial Management in order to achieve the financial stability of the Provinces, promote fiscal responsibility, and develop infrastructure works.

“In this opportunity, we are working with the IDB to achieve better fiscal responsibility, financial stability, and to better distribute fiscal resources among Provinces”, the Finance Minister said, and he added: “The IDB has a strong commitment with productive investment and infrastructure development, which is one of the main pillars of Macri’s Administration for economic growth and employment creation”.

The Finance Minister was accompanied during the meeting with Moreno by the Chief of Cabinet of the Ministry, Pablo Quirno, the Undersecretary of International Financial Relations, Félix Martín Soto, and the Argentine Representative before the International Organization, Raúl Novoa. After that, they had lunch with the President of the IDB and the rest of the Governors of the Bank.

In addition, as responsible for the bilateral relations with this development bank, the Finance Minister will meet this afternoon with the Vice-president of countries of the IDB, Alexandre Meira da Rosa, with the Vice-president of sectors, Santiago Levy, and with the Vice-president of the IDB, Julie Katzman. Caputo will also meet with the General Manager of Inter-American Investment Corporation (IIC), James Scriven, and later he will meet with Argentine experts of the institution.

Caputo is in Washington to develop a working agenda that includes the execution of an agreement for the Program to Develop and Strengthen Provincial Management together with the Minister of Internal Affairs, Public Works and Housing, Rogelio Frigerio, the Secretary of Provinces, Alejandro Caldarelli, and the Governors of Corrientes, Mendoza, Misiones, Neuquen, and Salta. It is a loan for 120 million dollars, which had been approved by the IDB in December 2016, to improve the administration of income, expenditure, and public investment, and to execute investment projects in strategic sectors. The Argentine Ambassador, Martín Lousteau, will also be present.

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.

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.