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Argentina and the United States Partner to Fight Financing of Terrorism

By: Raquel García - @venturaG79 - Dec 9, 2016, 3:03 pm
(Ámbito)
Luis Caputo, Argentina’s Secretary of Finance.  (Ámbito)

EspañolArgentina and the United States have agreed on a common mechanism for combatting the financing of international terrorism.

The agreement was signed last week by US Deputy Treasury Secretary for Terrorism Financing Daniel Glaser and Argentina’s Finance Secretary Luis Caputo.

Both governments reportedly worked to identify illicit threats and to develop joint strategies to confronting terrorism. A series of initiatives will combat money laundering, the financing of terrorism and other financial crimes.

“The United States’ commitment to jointly combating illicit finances and protecting the integrity of our financial systems has never been stronger,” Glaser said in a statement.

Caputo said the initiative represents “the most solid association in the bilateral history of Argentina and the United States to build a financial system and safer and healthier economies.”

“We look forward to working together to identifying illicit financial threats of mutual interest and to combating them together,” added the Argentinian official.

The agreement reportedly would have begun in September during meetings between US Treasury Secretary Jack Lew and Argentine Finance Minister Alfonso Prat-Gay.

 

The agreement for is in line with the bill that prepares the Argentinian government to reformulate the antiterrorist law.

The initiative contemplates the implementation of new criminal typologies for terrorism in the country, as well as the establishment of more modern protocols for research on terrorist cells in Argentina.

The good relationship that both countries maintained in the last months will be put to the test in January when the President of the United States Donald Trump takes office.

According to Argentinian Chancellor Susana Malcorra, the Macri adminstration openly supported Hillary Clinton’s candidacy instead of Trump.

“It had no political cost” for Argentina, she said.

Trump promised Macri in a brief telephone conversation in November that both countries would have “the best relationship in their history.”

Source: La Nación.

Raquel García Raquel García

Raquel García is a Venezuelan journalist with over 16 years of experience in digital outlets and radios. She currently lives in Buenos Aires, Argentina. Follow her @venturaG79.

Ecuador Issues Costly Bonds that Could Sink It into Massive Debt

By: Ysol Delgado - Dec 9, 2016, 1:48 pm
dolares

EspañolEcuador could face heavy debt in the future after issuing costly bonds for the third time this year. Ecuador's Ministry of Finance put US $750 million into the international market through the issuance of sovereign bonds with a term of 10 years and an interest of 9.65 percent. Corporation of Studies for Development (Cordes) member José Hidalgo said that the bond issue will generate income for the country, but also that the money translates into new debt for the state. Considering the interest of the bonds, he said the country will only have to pay the interest, US $72.4 million per year, until the capital is terminated. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); }); "The bond issue is a new debt for the state and at the end of the term, the country will have paid nearly $724 million, not counting the $750 million of the capital," added Hidalgo. Economic analysts said Ecuador will have to pay about $1.47 billion by the end of the term. "Ecuador has reached a point in which debt service (more capital interest) is unworkable for the next administration," Cordes said in a statement. "The current government is kicking the problem forward." Lea más: Ecuador: Correa convoca plebiscito para prohibir paraísos fiscales para funcionarios Lea más: Ecuador descarta eliminación de visados en acuerdo con Unión Europea This will be Ecuador's third bond issue of 2016. In July, the first one was given in the amount of US $1 billion and with a maturity of six years and up to 10.75 percent interest. The second was made in September under the same conditions. Officials claimed these resources will serve to finance the General Budget of 2016, most notably in public investment. Minister of Finance Fausto Herrea offered the Ecuadorian bonds to the United States, with interest coming from several investors from Asia, Europe and North America. Source: La República  

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