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The Government of the United States announced Thursday the approval of a loan of $ 45 million for nine years develop the logistics infrastructure in Argentina. The disbursement has been allocated to Plaza Logística and is part of a project that will disburse a total of about US $ 140 million, as mentioned above. Ryan Brennan, director of operations of the Corporation for Private Investment Abroad in the United States, at a press conference in Buenos Aires. This is the first private US capital investment in Argentina since 2011, when the country has not yet defaulted. The OPIC has not indicated the cost of funding.
OPIC is a US government funding agency that has tools to leverage approximately $ 60 billion US around the world. Brennan explained that, following an active program in Africa in recent years, the United States has an interest. to invest in Latin America right now. "We see needs in infrastructure across the region, more open governments and an evolution of the fight against Corruptionsaid the official on why he was mobilizing Washington to look at the region, he also acknowledged that the growing role of China in these countries, "it certainly encourages" CIPO to plan a greater regional presence.
In addition to the project approved on April 18 in Plaza Logística, Brennan explained that 16 other proposals were on the waiting list. "Equivalent to a total amount of potential investments of 5.2 billion US dollars." He clarified that he expects that a dozen people prosper.
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In June, the entity's board of directors will meet again to evaluate the possibilities of each of them. Next week, the other will visit the national technicians of the institution to collect information. It is estimated that each badessment takes between six and twelve months.
Dead cow it is the project that is attracting the most interest for US investment under the CIPO. Brennan mentioned for example the train Vaca Muerta-Bahía Blanca. But he also talked about roads and airports.
Consulted on politico-electoral context and the possibility of a reversal of current policies after December, Brennan replied that "our policies support the Argentines, not a candidate nor a government, we do not measure our investments in months but in years".
On Wednesday, they talked on the phone Donald Trump and Mauricio Macri. The American welcomed the reforms of Argentina and confirmed his support for the Macri plan. A day later, the Washington Investment Agency announced the approval of the first private investment in the country since 2011. The US $ 45 million will be paid by two funds.
"We hope that in two months we will be ready to discuss our investment in Argentina," said Brennan.
The approval announced Thursday was formalized at a ceremony in Buenos Aires and the US Ambbadador to Argentina, in addition to Brennan, attended the ceremony. Edward Pradoand the Minister of Foreign Affairs, Jorge Faurie. Brennan said the announced project was "A developed logistics network creates opportunities for business and local employment expansion and has a positive impact on their communities." "Our ongoing collaboration with Plaza Logística will address the problem of unmet demand in Argentina, strengthen logistics connectivity and promote economic development."
The project will encourage the United States to support the economic growth of Argentina, a key partner in promoting stability and security in the region. Ambbadador Prado described this contribution as "an integral part of the US government's overall approach to bilateral collaboration" and added: "We are delighted to see the approval of this first loan as a result of the commitment shown by our country at the G20 Leaders Summit last year. "
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