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Luis Caputo signed a financing agreement for public health for € 42 million

It will be aimed at the improvement of 15 high-complexity hospitals in five Provinces, benefitting 4.7 million inhabitants.

The Minister of Finance, Luis Caputo, and the Head of Development Funds Management Unit at Cassa Depositi e Prestiti (CDP), Stefano Gatti, signed this afternoon the financing agreement for 42 million euros at a 0.2% rate and a 38-year maturity (with a grace period of 4.5 years) that will be aimed at the Argentine Program for Public Health (PROSEPU II).

Caputo said that the agreement is entered into within the context of “a new stage of international insertion and opening of the financial markets that Argentina is experiencing since the beginning of 2016”.

The implementation of PROSEPU II will enable the strengthening of public health performance in 15 high-complexity hospitals through the complete renovation of operating rooms and the incorporation of latest-generation equipment (resonators, ultrasound machines, defibrillators, pacemakers, X-ray equipment) in the Provinces of Buenos Aires, Misiones, Salta, Jujuy and Santiago del Estero. This way, 4,698,747 citizens will be directly benefited and more than 13 million will be indirectly benefited.

The objective of the Program is to achieve Universal Health Coverage (CUS, for its acronym in Spanish), ensuring fair access to sanitation services.
The Chief of Cabinet of the Ministry of Finance, Pablo Quirno; the Undersecretary of International Financial Relations, Martin Soto; and the National Director of Projects with Bilateral External Financing, Matias Mana, also attended the execution of the agreement.

Likewise, Teresa Castaldo, Ambassador of Italy in Argentina; Francesco Cappechi, Commercial Counselor of the Embassy of Italy; the former Minister of Health of Argentina, Jorge Lemus; Maria Cecilia Loccisano, Undersecretary of Administrative Coordination of the Ministry of Health; Guido Donaire, coordinator of PROSEPU II; and Maisa Havela, Coordinator of Strategic Planning of the Ministry of Health, also participated in the event.

Cassa Depositi e Prestiti S.p.A. (CDP) is an institution that promotes and supports Italian growth. It is aimed at promoting infrastructure development, supporting investment projects, promoting the internationalization process of companies and fostering international cooperation. Its areas of interest are: energy, transport, infrastructure and development of projects with high social impact.