Friday
September 19, 2014
Friday, May 30, 2014

Gov't ratifies Paris Club deal was reached with no IMF intervention

Cabinet Chief Jorge Capitanich addresses reporters at the government house.

Cabinet Chief Jorge Capitanich has played down statements by IMF chief Christine Lagarde who considered the Argentina-Paris Club deal will allow the South American country to “normalise” its situation.

“Argentina has carried out an autonomous and independent negotiation (from the IMF), in virtue of its payment capacity,” the head of ministers said today during his daily brief to the press at the government house.

“It is part of Argentina’s attempt to normalise its situation. We hope that, first, it turns beneficial for them; and second that the country continues with such process,” Lagarde said while visiting the capital of Mozambique, Maputo, in Africa.

Ratifying his first statements after the news about the agreement that involves the payment of 9.7 billion dollars in five years to the country’s creditors at the Paris Club was confirmed, Capitanich affirmed the government pushed for the deal “to get more investments, more production and better conditions to create more jobs.”

Queried about the trials Argentina still faces in the International Center for Settlement of Investment Disputes (ICSID), Capitanich pointed out “26 out of 52 cases have already ended” and that the Cristina Fernández de Kirchner administration would seek now to “reactivate World Bank and Inter American Development Bank loans.”

  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  Jorge Capitanich  cabinet chief  IMF  Paris Club  deal  intervention  Christine Lagarde  





  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment




Grupo ámbito ámbito financiero ambito.com Docsalud AlRugby.com Premium El Ciudadano El Tribuno Management

Director: Orlando Mario Vignatti - Edition No. 4256 - This publication is a property of NEFIR S.A. -RNPI Nº 5177376 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA