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Luis Caputo signed a USD 460-million financing agreement with the CAF for infrastructure work

In addition, Mr. Minister accompanied President Mauricio Macri in the announcement of the organization’s commitment to allocate USD 2 billion for Argentina’s 2018-2020 development.

The Minister of Finance, Luis Caputo, signed this morning together with Luis Carranza, President of the Development Bank of Latin America (CAF, for its acronym in Spanish), six agreements for a total amount of USD 460 million that had recently been approved by the Board of Directors of the international organization.

Within this framework, the Finance Minister said that “CAF contribution evidences its confidence towards Mauricio Macri’s Administration” and he affirmed that “it is important to highlight that the financing will be aimed at the infrastructure works that Argentinians need to improve their life quality”.

This way, the subscription of the financing agreement together with the CAF foresees the execution of the following projects:

– Comprehensive Management of Lujan River Basin Plan
– Water Treatment Plant in La Plata
– Encouragement to Public-Private Investment
– Comprehensive Environment Program
– Belgrano Sur Railway
– Infrastructure Improvement in the Province of Buenos Aires Program

After the event, Caputo accompanied President Mauricio Macri in the meeting he held with Carranza in Casa Rosada, where they announced CAF commitment to finance projects in the country for the next 3 years for USD 2 billion in the public and private sectors, in strategic areas such as education, water and sanitation, transport, logistics and energy. “The projects will have a very positive social and economic impact throughout the national territory”, the President of the CAF said.

At the meeting, Carranza said that in the case of the public sector, around USD 800 million will be allocated in credits for projects of education, environment, and water and sanitation; other USD 700 million in logistics, transport and regional integration; and USD 200 million for energy, in initiatives such as the 3rd stage of Belgrano Sur, the National Program of Massive Transport, the Logistic Connection Santa Fe – Parana, the Electric Project of the Province of Buenos Aires, the Program of Basic Works for Potable Water Aysa stage 3, and the interventions in environment in different “villas” of Buenos Aires, among others.