 Good afternoon, and thank you for joining us. Welcome to this press conference at the annual meeting of the World Economic Forum in Davos, 2016 We're particularly pleased and honored to welcome President Maurizio Marchi from Argentina here today because it's been over a decade since we had Argentina represented on such a high level or on the highest level I should say Here in Davos. We're also joined by Alfonso Bratgai today. Thank you very much for being here. Mr. President over to you Thank you We are really as my moderator mentioned very happy to Have been participate once again in Davos this time representing my country and we really appreciate this moment to exchange ideas and to convoke the world to come back to have a good and Pragmatic and intelligent relations with our country We are ready to take off. We are very optimistic about our future even though the world presents with many challenges and Doubts in those days in these days But we really think that this is a very good chance for for our country counting on our wonderful human resources gigantic possibilities that gave us And our natural resources, so we are looking forward to to start growing to attract investments and to come to fulfill The commitments that we assume with the citizens of Argentina is zero poverty in my country Defeating drug trafficking and improving the quality of our democratic system. That's in where we are engaged And that's in whatever we are putting all our efforts now Questions we are here with the Minister of Finance to answer Thank you very much, Mr. President So we'll have a microphone here, please state your name and organization for the sake also of our online audience Can we have a microphone for the gentleman in the front here, please? Hi, I'm David Seroto at the international business times My question is in the US presidential election Marco Rubio is one of the candidates and has been Extremely critical of Argentina in recent years urging American officials to deny World Bank loans to To Argentina regarding the debt situation I'm just curious if your feelings on senator Rubio if you're concerned if he would become president What what it would mean for us Argentinian relations? Thank you, David? Let's get the second question from the gentleman here in the front, please Fernando Bayo the W radio President two quick questions one Argentina would be part of the Latin American team of countries that would supervise the implementation of peace agreements in Colombia and two How do you think to avoid the internal division in Argentina Planted after twelve years of government of chisnerism. Thank you. Thank you First I think that the Rubio's position has is related to the past relation between Argentina and the United States of America we are Ready and I talked yesterday with Biden in our meeting the vice president and on the phone with Barack Obama With the ambassador of the United States in Argentina that we are ready to build a Pragmatic intelligent and productive relationship among our countries So and we are ready to work together Against climate change drug trafficking terrorism corruption and Renewals know only energy Sources that will help to curb climate change. So I think that we are we are very optimistic and vice president Express the same optimism as I'm referring. So I don't think that that will be a problem in the future And also on that one we had a meeting yesterday with Treasury Secretary Jack Lou as you all know and Jack Lou basically decided after that meeting and after you know Good few weeks worth of discussions that the US will change the way they vote at the international financial organizations They will no longer vote for no just for no reason But rather they will have a constructive approach because well, they're seeing what's going on with President Macri's administration In the second if we want to help in what we can in the process of peace in Colombia, it really looks like a A way to travel together and what we can support the Colombian people Which I have a huge effect Remember that the winning series of Boca Juniors was based on Bermudez, Serna and Cordoba, so it's a beautiful memory I remember that I have Colombia and for many other reasons more and well and the second thing was the division Here it accompanies me One of the most important leaders of the opposition in Argentina Sergio Masa of the Peronist Party With serious possibility of ending up being the one who conducts the Peronist Party in the next few months That expresses a generational change that expresses a different moment in Argentina Where we all really want to grow we want to have opportunities of progress for all And we know that that comes from the path of good internal and external relations with all the countries in the world not putting Ideological differences in the face of the best solutions They cannot prevent us from having the best solutions Conflicts neither internal nor external so this is the vision that we have Thank you, please President Carol Guerrero from Docheville TV You have distanced yourself a little from Venezuela, what can you tell us about it? I think that the government of Venezuela has distanced the respect of human rights This is the fundamental problem I have principles and I don't change them What I have expressed is my vocation because the Venezuelan government respects the freedoms of those who participate in politics from the opposition And what it has done to put pressure on many of them without really causing them to justify it It goes against that and that's what I have asked That is revealed Thank you very much the lady in the middle here, please. Hi Gabriel Steinhauser from the Wall Street Journal Last week's Talks restarted with the holdout creditors And there was a first snack on a non disclosure agreement that the creditors have demanded has that since been resolved And how are the talks going now? When do you expect a conclusion? Thank you not yet before Alfonso can Say some about all these subjects is under his responsibility I want to insist that after so many years of conflicts We have expressed and we had act in consequence traveling to New York to personally say that we are ready and to reach settled an agreement in fur in a fur in fur conditions and We are ready to work on that. We were ready to travel the 25th of January and the mediator Pollack demanded a Post to postpone it to the 1st of February So we are looking forward to solve the problem as soon as possible But I insist that we have to find something that could be Balanced for both parts but Alfonso Yeah, not much to add me. So president just that we are the party who wants to engage and We expect the other party to have the same attitude and that was the idea when we met last week with the holdouts and with Dan Pollack we had agreed on making an offer the upcoming next week There were some logistical problems that were not on our side We're we're ready to sort this out As the president has said the soonest and in the fairest possible way Thank you very much gentlemen Daniel Galvalice the agency telam They gave us two breves preguntas una usted anunció que se volverá a colaborar de parte del gobierno con el fmi para con respecto al artículo 4 para la elaboración de informes y quería Preguntarle por qué ha decidido eso luego que fue discontinuado y la segunda si el retorno al mercado de capital es Se espera el retorno Para pedir créditos hasta la resolución del conflicto con los holdouts o si se piensa hacerlo antes gracias Thank you very much. If you just pass the microphone to the lady next to you. We take the second question Mr. President, I'm from Hong Kong Phoenix TV. I'd like to know your View on Asian infrastructure investment bank because Argentina showed interest to join the membership things last year And how do you see its row in South America? Thank you very much. Thank you Well, let me start by the second question I expect that they the you will that bang will fulfill an important role We are looking forward to boost production in in food in energy in Sustainable mining tourism and for all that we need a huge investment in infrastructure So we are looking forward and we are here to convoke everybody that is in capability of Building constructing and operating so in terms of PPP. That's something that we are going to use as important tool in the first that I think that also Alfonso amplifies What we have to try is that we have we have committed ourselves to tell the truth And we have nothing to hide with which we can inform the world everything that we are doing Without that to give any kind of independence We are going to do what we think is the best so that our country can grow That our people can have work that we can make it to reach poverty zero and that's what we're going to do with absolute transparency From an open government where all the information is going to be public And in that direction we are also going to inform the fund according to Article 4 of any information that requires Yes, to add to that question Today we had a meeting with the president of the central bank of Argentina with the director of the International Monetary Fund We agreed that in a very short time we are going to give advertising All the evaluations that are usually made by the International Monetary Fund about Argentina And I want to clarify this because every year there is a report from the country that the fund's staff presents to the director That report exists only that the authorities of Argentina chose not to be published Nosotros por decisión del presidente como lo acaba de decir queremos que se publique que todo sea transparente y en ese marco la próxima El próximo informe será cumpliendo con el artículo 4 con lo mismo que se venía siendo antes solamente que nosotros lo ponemos Sobre la mesa para que se conozca esta transparencia también es la que pedimos y aprovecho para volver a la pregunta anterior About the holdouts and the NDA question same transparency on that regard I mean we want to have a negotiation that is open for everyone to be able to see Entonces la idea de la transparencia es la misma idea del presidente que ha sido muy claro de acuerdo a la libertad de expresión Nosotros vamos a hacer lo que tenemos que hacer no tenemos problema en que otros evaluen Lo que hacemos y que hasta incluso sean críticos con lo que hacemos pero que quede claro que estos informe los viene haciendo El Fondo Monetario Internacional una vez por año durante los últimos años y que Argentina No ha cumplido con el artículo 4 Fundamentalmente en no dar a publicidad esa esa evaluación y no tanto en no ser evaluado Mercado de capital es Mercado de capital es Nosotros ustedes saben que ya hemos tenido acceso al mercado de capitales locales en el mes de diciembre con una colocación de mil millones De dólares era un bono en dólares que se vendía contrapesos Hicimos una licitación esta semana que declaramos de cierta en el mercado local porque entendíamos Que la tasa que nos estaban pidiendo era muy alta también fue un momento muy particular como ustedes saben de mercados donde había poco interés por mercados emergentes así todo logramos canjear alrededor de 500 millones de dólares de un bono que vencía en el 2017 y lo llevamos hacia el 2020 Te bajando la tasa de interés entendemos que hay Fondos y recursos disponibles en el mercado local suficientes como para ir financiando o para ir cubriendo las necesidades de financiamiento y de modo tal de no tener apuro para avanzar en la otra cuestión la otra cuestión es cuanto antes posible pero también dijimos de la manera más justa posible Thank you very much. Let's ask the lady right next to you and then there in the last role Please. Hola presidente soy Ana Clara de revista época de Brasil y me gustaría preguntarle ya que usted dice que intentará cambiar muchas cosas en Argentina habrá cambios en Mercosur y como será el acuerdo de libre comercio del Mercosur con unión europea Hemos hablado con eso de eso con la presidenta lucer cuando la visitamos con la canciller ambos queremos avanzar en acuerdo con la Unión Europea Queremos que intentamos Hemos hablado en varios de las reuniones tuvimos estos días también acerca de la necesidad de intercambiar propuestas Simultáneamente en este primer trimestre De este año para que el proceso comience así que soy optimista que podamos avanzar en esa dirección Thank you very much. So one question from the gentleman there and then the lady right behind you I think we have to come to an end soon. So if you can keep the questions short, please. Thank you Si mariano barrio del diario de la nación de Buenos Aires, Argentina Quería preguntarle si usted cree que esta nueva relación que se estableció con Estados Unidos Puede beneficiar a la Argentina en el acceso El nuevo acceso al Mercado de capital es y una solución con el conflicto de los old outs y un tema que Surgió esta mañana a raíz de un cable de una agencia de noticias y quería ver si se puede obtener una precisión Que dice que usted habría dicho que la negociación con los old outs no va bien Lo yo lo que he dicho es que hasta ahora no hay resultados concretos y que esperábamos a esta altura tener Realmente la cosa más avanzada como mencionó el ministro Pero esperemos el primer febrero para tomar una opinión definitiva acerca en qué situación estamos Que hay donde va a actuar definitivamente el mediador Y en lo que hace en la relación que la argentina tenga buenas relaciones Con la mayor cantidad de países del mundo va a ser siempre beneficioso va a permitir intercambiar mejor tecnología proyectos Educación En así que estamos contentos de estar restableciendo relaciones con el mundo entero entonces algo positivo para nuestro país esto que comenzó mencionaba al ministro que Estados Unidos ha retirado el voto negativo del directorio del Banco Mundial De la CAF y del bid es realmente algo muy importante porque hace Possible que podamos financiar más proyectos de infraestructura tan necesarios para poder crecer Y además seguramente va a tener una enorme corriente de inversión y de intercambios y que estamos contentos de tener relaciones inteligentes Insisto pragmáticas que no pongan como traba diferencias ideológicas porque acá lo que tengo como responsabilidad Principal como presidentes Conseguirle mejores oportunidades de trabajo a los argentinos Thank you very much last question there, please Morales del periódico el economista en México quisiera preguntarle si nos puede Detallar un poco en qué consistió la conversación que sostuvo con el presidente de mi país y Cuáles serían los sectores o las áreas en los en las que argentina le gustaría tener una colaboración con México Gracias presidente peña nieto lo que más le preocupaba era Donde podía para aprender los pases de baile que yo practico Setos pasos baile dejado muy impresionado no hablando seriamente Diciéndole thank you for this opportunity Lo que hablamos fue de también de tener una reacción Más intensa más productiva entre argentina y méxico y méxico y argentina que el siente que hemos tenido una reacción muy distante Sin conflictos pero tampoco sin resultados concretos Me impresionó mucho es una cifra que dio el ministro de él dijo que el intercambio entre argentina y méxico es un día y medio De intercambio entre estados unidos y méxico y la verdad que somos importantes países como para que tengamos tan poco vínculo Que va a ser en favor una vez más insisto De ambas comunidades porque va a generar trabajo en méxico y trabajo en argentina y es mi obsesión Trabajo para los argentinos Thank you very much. Thank you mr. President. Thank you minister. Thank you all for watching and being here