"Presidents Macri and Trump agreed to strengthen the economic relationship between our countries and these kinds of events ratify our interest in moving forward along that path," the Secretary for International Economic Relations, Horacio Reyser, stated this morning as he welcomed the representatives for the U.S. Government Overseas Private Investment Corporation (OPIC) at the Palacio San Martín.
OPIC is a government financial agency that helps American businesses access emerging markets through direct loans and guarantees for investment projects. The loans and guarantees granted by OPIC can be up to USD 250 million and are mostly used to cover capital costs of projects with a minimum 25% share of U.S. capital.
Alongside representatives of several Argentine business chambers, Reyser highlighted OPIC's interest in participating in various projects in Argentina related to infrastructure, energy and industrial and agro-industrial sectors.
Reyser recalled that "the United States is the top investor in Argentina, with an investment stock amounting to USD 17 billion and companies established in the country for many years now, as well as Argentina's third trade partner, with bilateral trade figures amounting to USD 12 billion."
The Chief of Staff of OPIC, Douglas Sellers, and Tom Cooney, the Minister Counselor at the United States Embassy in Argentina, underscored the economic potential of the bilateral relationship and referred to the existing investment and trade opportunities in Argentina.
The aim of the meeting was to bring the Argentine private sector closer to this potential international source of investment and guarantees. During the meeting, the OPIC officials explained how the available instruments work and their characteristics, and the Argentine businesspeople had the opportunity to ask specific questions on the focus and requirements of the programmes.
The OPIC delegation is in Argentina for a four-day mission during which they will have a busy schedule, including working meetings with high-ranking Argentine officials, the local private sector and American companies in the country.
Press Release No. 347/18
