The Limited Times

Now you can see non-English news...

The Government says that Chubut never completed the process to issue a new bond and repay its debt

2024-02-25T21:12:37.286Z

Highlights: The Government says that Chubut never completed the process to issue a new bond and repay its debt. Governor Torres demands from the Nation a cut of $13.5 billion. The national executive responds that this cut is due to a debt that the province had and that it had those co-participable funds as guarantee. The Treasury Palace endorsed this version. "Obviously that's what GF says. They just sent it to the Interior on the 22nd, and they answered them the next day! It hasn't even reached the Economy yet, nor the Central. Bank," one source said.


This was assured by the Minister of the Interior, Guillermo Francos. It was also confirmed by the Economy area.


The Minister of the Interior, Guillermo Francos, added a new chapter to the fight between President Javier Milei and the governor of Chubut, Ignacio Torres, over the

cut in co-participation funds that the Nation applied to the Patagonian province.

Governor Torres demands from the Nation a cut of

$13.5 billion

in the co-participation that Chubut received.

And the national executive responds that this cut is due to a debt that the province had and that it had those co-participable funds as guarantee.

From Chubut, the governor's version is that they made representations to the Nation for that debt to be refinanced and that they never received a response.

Given this, they made

a request to issue new debt with a royalty guarantee and pay with those funds the debt they maintain with the Nation.

The province assures that there was no response to this request either.

This afternoon, through the

social network X,

Francos gave the version they handle from the Nation.

"On February 22, the Minister of Economy of Chubut sent me a note requesting

a new debt operation

consisting of the issuance of a bond destined entirely to the cancellation of the balance of the debt that the province maintains with the FFDP," in reference to Trust Fund for Provincial Development.

"Contrary to what the lieutenant governor said,

we responded with an email on February 23 requiring the necessary documentation to advance with the requested issuance operation

, in accordance with current regulations. We are awaiting the response," the minister continued.

"Once they respond,

we will analyze it and send it to the Ministry of Economy accordingly

," he reinforced.

The Treasury Palace endorsed this version.

"Obviously that's what GF says. They just sent it to the Interior on the 22nd, and they answered them the next day! It

hasn't even reached the Economy yet, nor the Central.

It's a delirium, what these people are really doing...", one of them told this newspaper. high source of that portfolio.

The same thing happened at the Central Bank.

"That consultation is not here.

The BCRA does not intervene in these authorizations

. It only tells the banks whether or not they can buy the debt. Outside of the banks, the BCRA has no jurisdiction."

they remarked.

Source: clarin

All business articles on 2024-02-25

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.