Argentine government asks for more Chinese credit for infrastructure work

With Argentina’s access to restrictions on foreign credit, the Government is determined to move forward in complying with the Belt and Road Initiative, a plan by which China seeks to spread its influence across all continents and secure a dominant position on the world economic stage for decades to come.

Foreign Minister Santiago Cafiero confirmed this week that the Government “has a long-term commitment to moving forward” in infrastructure projects where China has substantial funds to secure infrastructure and technology in countries it considers reliable partners to provide long-term food and food. long. the energy your economy needs.

According to the Foreign Minister, Argentina “conducted the necessary studies to adapt this agreement to the needs and structure that Argentina has,” and also to see what new financing possibilities are offered and how they are complemented by the 16 priority projects already on soft credit.

“Argentina is celebrating half a century this year since establishing diplomatic relations with China, and we want to strengthen these ties,” the head of the foreign service said in a meeting with reporters organized by the Argentine Council on International Relations (CARI).

In January 2021, the president of the Asian giant, Xi Jinping, told Alberto Fernández, by letter, that his country was willing to face “closer associations and willing to fund mutually beneficial initiatives.” and supports “working with Argentina to promote high-quality cooperation.”

Delayed by the pandemic, Fernández could sign Argentina’s incorporation into the Belt and Road Initiative if he responds decisively to the invitation made to participate in person at the Winter Olympics to be held in Beijing next February. , and it has been the subject of controversy over the US decision not to send government authorities to the contest, as a form of protest against alleged human rights abuses in the Muslim region of Xinjiang.

Argentina ratified “strong support” for the Winter Olympics to be held in the city of Beijing and beyond next February, after the United States, Britain, Canada and Australia announced a boycott of the event, which China described as a “joke”.

What is special about the Anglo-Saxon diplomatic boycott is that they will not send official representatives, but their athletes will compete in the Olympics.

Matt Thompson

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