Argentina agrees to pay the remaining USD 20 million to Paraguay in August for the switch of power

Asunción, IP Company.- The Minister of Financial system and Finance, Carlos Fernández Valdovinos, reported that the Authorities of Argentina dedicated to the Paraguayan Authorities to cancel in August the rest of USD 20 million for the switch of power from Yacyretá to the neighboring nation.

“The cancellation implies the fee of 100 million {dollars} initially, materialized final Friday, and the remaining 20 million {dollars} within the month of August,” stated the official by his official account X.

He acknowledged that following the directions of Presidents Santiago Peña and Javier Milei, Paraguay reached an settlement for the cancellation of the debt with the Paraguayan Treasury for the switch of power to Argentina.

He stated that on this regard he’ll proceed working together with his Argentine counterpart, Luís Caputto, in a “coordinated and harmonious method for the good thing about each peoples.”

In a radio interview, Fernández Valdovinos highlighted that it’s the largest fee that Argentina made in historical past for the switch of Argentina and “by August we might be able to have a zero debt for the switch of a part of the power,” the minister confirmed. of Financial system and Finance.

He commented that with Luis Caputto they sat down to barter the fee of the debt that had been accumulating in current months, and that on the finish of Might reached USD 132 million.

“However they paid USD 12 million initially of that month with none sort of request from us, for which the rest was round 120 million {dollars}, so we reached an settlement for them to cancel,” he defined.

Related Articles:  Tesla lost 223 billion won in bitcoin valuation in the first half

He reported that final Friday they credited the USD 100 million to the Yacyretá account and that shall be transferred to the Paraguayan Treasury, so “there stays a the rest of 20 million with a fee dedication for the month of August,” Fernández Valdovinos emphasised.

#Argentina #agrees #pay #remaining #USD #million #Paraguay #August #switch #power
2024-06-21 22:21:50

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.