Argentinian Ministry of Finance’s $70 Million Loan


Martínez de Hoz & Rueda advised on the transaction

The Argentinian Minister of Finance, Luis Caputo, signed, together with the Regional Director for Argentina and Brazil at Agence Française de Développement (AFD), Philippe Orliange, the first loan agreement of the “Water and Sanitation Development Program” of Belgrano Plan for USD 70 million, 5.23% interest rate, 15-year period (5-year grace period). This is the first financing agreement between the AFD and Argentina.

This loan will serve as a complement to the USD 200-million financing contributed by the Inter-American Development Bank (IDB) for the above-mentioned Program, which is aimed at extending the coverage of potable water and sewage systems and at improving the environmental, sanitation and hygiene conditions through the management of water and sanitation providers of the Belgrano Plan region.

Martínez de Hoz & Rueda advised Agence Française de Développement (AFD) with Juan Cruz Azzarri (Picture), Jimena Vega Olmos and José Martínez de Hoz (nieto).

Involved fees earner: Jimena Vega Olmos – Martínez de Hoz & Rueda; José Martínez de Hoz (n) – Martínez de Hoz & Rueda; Juan Cruz Azzarri – Martínez de Hoz & Rueda;

Law Firms: Martínez de Hoz & Rueda;

Clients: Agence Francaise de Developpement;

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Author: Ambrogio Visconti.