Sergio Massa has signed bilateral debt refinancing agreements with Paris FC

The signing of agreements with Spain, France and Sweden is part of the process of refinancing the country’s debt with the Paris-based organization.

These agreements are within the framework of the agreement reached in October 2022 under which 100% of amounts due through payments made over thirteen consecutive semesters have been rescheduled through the end of 2028.

In this way, the joint declaration of 2014, which was overdue after Argentina suspended payments in 2019, was modified.

The signing ceremony was attended by Ambassadors María Jesús Alonso (Spain) and Claudia Scherrer-Evos (France) and Ambassador Anders Carlson (Sweden), while Massa was accompanied by his senior adviser on international relations Gustavo Martinez Pandiani.

What do the signatures on the three agreements mean?

The signatures on these three agreements have been added to those already reached in recent months with Italy, Belgium, Switzerland, the Netherlands, Germany, Canada, Israel, Finland, Austria, Denmark, the United States and the United Kingdom.

The minister explained that these agreements will ensure the sustainability of the debt file and thus preserve the economic recovery.

In addition, He highlighted the importance of the agreements as part of a macroeconomic arrangement process that will allow both the public and private sectors to obtain financing for the development of important infrastructure projects that would increase the competitiveness of the national economy, while boosting exports of regional goods and services. .

In this way, we meet an important goal in our roadmap for regulating and regulating international financial relations.

For his part, the Minister of Economic Policy, Gabriel Rubinstein, confirmed that negotiations between Argentina and the Paris Club are normalizing.

He pointed out that the agreements with Spain, France and Sweden were signed today to complete the normalization, and added that Japan is left behind, and it is a somewhat bureaucratic matter.