after Autonomous City of Buenos Aires The province will place US$600 million on international markets, at an interest rate of 7.8%. Santa Fe Obtaining international financing for 800 million US dollars By 8.10%.
“The process confirms Financial strength and institutional solvency of the provincial government To enter international markets under favorable conditions,” stressed Economy Minister Pablo Olivares.
Pollaro: 50% of Argentines work, but informally
Repercussions of the operation
Completed Santa Fe government setting SF34 bonusIn the amount of 800 million US dollars over 9 years Nominal rate 8.10%in the process of locating Santa Fe “Among the most credible areas in the country” According to Olivares, who led the mission in New York, the operation was closed.
“This is a historic day for Santa Fe. Foreign investors have shown their confidence in the county. “It is a sign of confidence in the present and the future.”He pointed out. In addition, he emphasized that “international investors appreciate the financial solidity of the State of Santa Fe, its low level of debt, and the orderly and transparent management of public accounts.”
For Olivares, what happened on Wall Street with Santa Fe “is also good news for the country, because it happened “A sign of confidence in Argentina for its introduction into international markets.”
It works to enhance energy, production and security
For his part, Governor Maximiliano Pollaro said:“This funding will be applied to energy, road, security infrastructure and social works projects that directly impact the development of Santa Fe.”.
Among the priority destinations for investment are Large gas pipelines, road works and public safety related projects, Such as new police stations, the acquisition of mobile phones and equipment, and improvements to the prison system.
In addition, social infrastructure works will be financed in different parts of the territory, with the aim of “improving the quality of life and accompanying urban and community development.” “International financing will allow these interventions to be accelerated and provide greater predictability to the multi-year public works plan.”indicated by the government of Santa Fe.
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