Argentina moves forward on Chinese project financing

Argentina moves forward on Chinese project financing

Corporate & Sovereign Strategy Loans Dams Project & Infrastructure Finance Electricity Tourism Argentina China International Monetary Fund (IMF)

Argentine Economy Minister Silvina Batakis on Tuesday signed an addendum to a contract to borrow $4.7 billion from three Chinese banks to build two hydropower plants on the Santa Cruz River in southern Patagonia, her last full day in office. Batakis, who was replaced by Sergio Massa on Wednesday after less than a month on the job, flew to Río Gallegos, Santa Cruz to sign the addendum, a key for unleashing the financing for the projects, according to a statement by the government of that southern

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial