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August 27, 2014
Thursday, May 29, 2014

Kicillof says deal 'respects our principles'

Economy Minister Axel Kicillof addresses reporters (file photo).

Such were Economy Minister Axel Kicillof’s first statements following the news about the debt accord reached between the government of Argentina and the Paris Club. “We were not going to commit with payments that could pressure our economy and stop us from growing,” the head of Argentina’s mission in France told ámbito.com.

After a 12-hour debate in Paris, Argentina managed to secure a deal Kicillof considered “respects our principles.”

“We achieved our goal of reaching an agreement respecting our principles that have allowed us to grow 6 percent annually over the past ten years,” the official told the news website ámbito.com.

In his trip to France, Kicillof has been joined by Finance Secretary Pablo López; Legal and Administrative Secretary Federico Thea; National Director of the Public Credit Office Luis Briones; Public Debt Administration Director Claudio Dal Din; Debt Reetructuring Unity Chief Hernán Lorenzino and the area’s coordinator Adrián Cosentino.

The group is expected to take a flight back to Argentina at noon today.

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Tags:  Axel Kicillof  Paris Club  repayment  agreement  principles  





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