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The Government will analyze the request for the issuance of Chubut debt bonds


Francos clarified the situation after the province’s request and asked the Chubut authorities for the necessary documentation to begin the process. “Once they respond, we will analyze it and send it to the Ministry of Economy accordingly”said the official this Sunday.

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The Government will evaluate Chubut’s request for debt issuance

The crossings began when the governor of Chubut, Ignacio Torres, denounced that the Nation cut co-participation shipments by $13,500 million due to the discount of a share of the province’s debt, for $120,000 million, with the “Trust Fund for Provincial Development (FFDP)”.

Negotiations had begun with the Minister of the Interior, Guillermo Francoswith the proposals that the province’s Minister of Economy, Facundo Ballsent to the national official in notes dated February 16 and 22, explicitly asking him in the latter not to proceed with the cut in order to collect a share of the debt with the Trust Fund.

Now it was Franks who picked up the gauntlet and responded from the networks to Chubut’s request: “On February 22 the Minister of Economy of Chubut He 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”, says the first of his tweets, directed at the Chubut government.

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The problem, according to towers, is that this would mean cutting the province’s co-participation resources by a third. In addition, he called the Minister of Economy a “liar”, Luis Caputowith whom he also had a strong disagreement in the last few hours.

“Contrary to what the lieutenant governor said (Gustavo Menna), 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 waiting for the response,” the Minister of the Interior published in the X thread.

And he continued in his message to the authorities of Chubut: “Contrary to what the lieutenant governor said, we responded with an email on February 23 requiring the necessary documentation to move forward with the requested issuance operation, in accordance with current regulations. We are awaiting the response.”

Francos then attached copies of the requests from the province of Chubut for the issuance of debt bonds to show the dates and thus clarify what happened to the province’s claim. “Once they respond, we will analyze it and send it to the Ministry of Economy accordingly. I attach for greater clarity the exchange of notes,” concluded the Minister of the Interior.

Chubut insists and raised a judicial claim for funds

“It is frustrating to see that on the other side there are no answers; To negotiate something you have to have a validated window, but in the government they don’t know each other. A minister who acts as a link one day calls you white, another calls you black.”

Today, the vice governor of Chubut, Gustavo Mennaexplained in a thread of posts on the X network the proposals that the province made to the Nation without receiving a response:

“On December 15, 2023, the Government of Chubut requested to refinance the December and January/24 installments of the FFDP (by the Trust Fund for Provincial Development) to improve the maturity curve,” Menna wrote.





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