July 31, 2014
‘No foreign currency debt issuance has been planned in the short term’
Cabinet Chief Jorge Capitanich today reiterated a government’s communiqué released yesterday saying "any foreign currency debt issuance has been planned in the short term," denying a newspaper’s report which indicated the country was closing in on a deal to receive around US$1 billion in loans from Goldman Sachs investment bank.
"There is a strategy to discredit the figures released by (Economy Minister) Kicillof regarding the GDP, which were published last week,” Capitanich went on.
In his daily press conference from the Government House he recalled the measurement of those figures is made according to “international standards” and "a final revision will be carried out in September.”
He furthermore referred to gasoline prices which will rise by 5% as of tomorrow and explained “hikes are caused by the impact of the foreign exchange variation and the costs of production” agreed in May.