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.

The Minister of Finance, Luis Caputo, met this morning with the Vice President of the World Bank for Latin America and the Caribbean. Caputo was also accompanied by the Undersecretary of International Financial Relations, Félix Martín Soto, and the Argentine representative before the World Bank, Daniel Pierini.

Likewise, the Director for Argentina, Paraguay, and Uruguay, Jesko Hentschel, was part of the multilateral organization’s delegation. Within this framework, they talked about investment prospects for the country.

After said meeting, Caputo and Familiar met with the Minister of Treasury, Nicolás Dujovne.

The Minister of Finance, Luis Caputo, participated this afternoon in the execution of the cooperation agreements between the Financial Information Unit (UIF, for its acronym in Spanish) and the Governments of the Province of Buenos Aires and of the City of Buenos Aires. The Governor of the Province of Buenos Aires, María Eugenia Vidal, the Mayor of the City of Buenos Aires, Horacio Rodríguez Larreta, and the Head of the UIF, Mariano Federici, signed the documents. The Minister of Internal Affairs, Public Works and Housing, Rogelio Frigerio, and the Secretary of Provinces, Alejandro Caldarelli, also attended the event conducted at the “Salón de los Pueblos Originarios” in Casa Rosada.

Within this context, Caputo said: “The agreements signed today between the UIF and the two jurisdictions with the highest economic activity of the country are a great opportunity to achieve financial integrity, which is essential to build confidence in the markets and to protect stability”.

The agreements are aimed at developing and executing policies to address the issues related to serious crimes and their prevention from a financial point of view. Likewise, actions of institutional strengthening will be conducted, communication channels will be developed, and training programs will be carried out.