Today, on the last day of his week-long trip to China, Massa spoke about the prospects for the Argentine economy and the three-year currency swap extension in front of executives of the country’s 40 largest companies. “[The swap extension] allows companies from the People’s Republic of China an opportunity to develop an investment flow [to Argentina] based on the yuan,” Massa said. The projectsThe Bank of China (BOC), the China Development Bank (CDB), the China CITIC Bank, the Export–Import Bank of China (Eximbank), and the Industrial and Commercial Bank of China (ICBC) are among the entities that will finance infrastructure works in Argentina. The Roca Railroad project US$ 236 million investment expects to add 200 cars, which will enable the line to be re-equipped to guarantee comfort and passenger improvements. The lithium exploitation project and solar park in Cauchari IV and V, Jujuy, foresees an US$ 250 million investment to be financed by Eximbank.

Source: Bueno Aires Herald June 04, 2023 07:07 UTC