Caputo talks up Argentina's investment potential for Spanish firms
It was the Finance Minister’s first public appearance following his presentation to Congress on Wednesday where he addressed legislators’ concerns about the country's rising debt levels and his personal ties to offshore companies.
“The opposition is really much more aligned (and is) accompanying” the government in many ways, Caputo indicated. “Of course we cannot be naive, even though I was yesterday”, he added, prompting laughter.
Caputo seemed to refer to a note he passed to opposition lawmaker Gabriela Cerruti, who responds to former president Cristina Kirchner, in which is he said: “Don’t be so mean”.
As he had on Wednesday, the minister tied the country’s rising foreign debt to the “rhythm of the deficit” but insisted that “this is not the rhythm we will see in 20, 10 or even five years”.
“It will gradually start to drop ... to one percent point annually”, he said. “The level of debt in the next four years will be the lowest in the region”.
Caputo talked up the government’s PPP plan (Public-Private Investment Plan) that includes “60 projects valued at US$ 26 billion in the next four years”). He described the PPP as the “most ambitious” development plan in the country’s history.
The meeting at the Spanish Embassy comes amid preparations for Spanish Prime Minister Mariano Rajoy’s upcoming visit to Argentina.
Caputo was joined Thursday by Horacio Cristiani (Gas Natural Fenosa president), Ramón Puerta (Argentine Ambassador to Spain), Francisco Javier Sandomingo Núñez (Spanish Ambassador to Argentina), and Martín Zarich (BBVA Francés president). Editor-in-chief of ABC, journalist Bieito Rubido, was the moderator.