2023-05-28 16:11:30
Special Envoy to Shanghai
The tour of China of the Minister of Economy, Sergio Massa -which has as a weighty political component the participation of maximum kirchner– It has two highly relevant milestones. Firstthe search for the Xi Jinping government to double the free access money for Argentina within the framework of the yuan swap. The secondwhich through the political support of Brazil the New Development Bank (NDB)the BRICS bank, is another variant of financing for the country, in full search for dollars and import agreements in local currencies.
In that context, the designation a little over a month ago of the Brazilian Dilma Rousseff at the head of the NBD opens new scenarios. The bank, created in 2014 by India, China, Brazil, Russia and South Africa, will have its head sit down this Thursday with Minister Massa, as confirmed by the organizers of the agenda to Page 12. One of the possibilities on the table is the debate, which would favor Argentina, on an article of the NDB regulation (number 7) that today only enables BRICS member countries to access credits that are part of a contingency fund for countries with currency crises. Although the country is not the only one interested in unlocking the article, national officials want to get fully involved in that debate.
Rousseff’s appointment gesture is also a political turn in Brazil’s behavior towards Argentina. The former Brazilian president came in place of Marcos Troyjo, who had been appointed to the position by the Jair Bolsonaro government. The situation with Brazil, in any case, continues to be particular, because as progress is made with the BRICS, bilateral trade between the two with local currencies is not defined. It had been promised that Lula’s Economy Minister, Fernando Haddad, would give definitions on the possibility of paying for Brazilian exports to Argentina with financing from Brazilian banks, but for now that scenario remains undefined.
Energy, another axis
Wednesday will be the day on which the meetings of Argentine officials with the focus on energy will begin. Massa’s idea is that by the end of the year, the balance of dollars will be contributed in equal parts for agriculture and energy. To this end, the government’s management “in record time” of the Néstor Kirchner gas pipeline, which takes gas from Vaca Muerta, stands out. Agustín Gerez, president of Enarsa, the firm that was directly involved with the work, is on the payroll for the trip to China.
In this context, the meeting schedule for Massa and his officials is broader and includes the following points. Meeting with authorities from the China Gezhouba Group Corporation (CGGC) company, which will focus on the ongoing project of the Santa Cruz River dams. The day will continue with a work meeting together with the representatives of the Power China Company, which will have as a common thread a battery of projects related to the energy development of the country.
In addition, the Minister will hold a meeting with the authorities of the CET – State Grid Company, in which the objective of expanding the electric power transmission system will be addressed. On Wednesday, Massa will continue the agenda with a working meeting with authorities from the company Tibet Summit Resources. On the table, various initiatives will be deployed to promote investment in mining development and lithium extraction.
Later, the Minister will develop his day with a full agenda of meetings: with authorities from the company Ganfeng Lithium and the company Tsingshan Holding Group. In both meetings, issues related to the promotion of investments in different provinces linked to the development of mining will be addressed.
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