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July 29, 2014
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Scioli: Getting out of red 'creates extraordinary future projection'

Buenos Aires province Governor Daniel Scioli smiles as President Cristina Fernández de Kirchner whispers something to him during a recent rally at the Olivos presidential residency.

Governor of the Buenos Aires Province Daniel Scioli has positively echoed the news about the Paris Club deal affirming the accord will help to bum up the already “growing interests of investors” in Argentina, a mainstay for productive and infrastructure development.

In statements to media this morning, Scioli expressed his “public congratulations” to Economy Minister Axel Kicillof who managed to reach a “very beneficial agreement for the country,” following “instructions of President Cristina Fernández de Kirchner.”

The governor of Argentina’s most populated district who is likely to compete for the president’s seat in next year’s general elections, questioned opposition sectors that predicted “a very complex outcome” in negotiations with the group of international creditors.

“I stood firm on my conviction through meetings I held. Also because of my trust to maintain a dynamic that protects jobs and industry,” he told reporters and added the agreement respects the “interest” and the “viability” of Argentina’s position.

The accord, Daniel Scioli insisted, will also secure the possibility to lower interest rates, as announced yesterday by Central Bank President Juan Carlos Fábrega, driving international financing with more competitive rates for infrastructure and productive projects.

Getting out of the red, “with one of the lowest debt rates in the world, gives Argentina an extraordinary projection for the future,” the ex vice president during Nestor Kirchner’s administration assured.

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Tags:  Daniel Scioli  Buenos Aires province  Paris Club  agreement  





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