Argentina is promoting China to provide all financing for a new nuclear power plant with a total investment of US $ 8.3 billion (S $ 11.293 billion) in the country.Because the ASEA government is trying to solve the problem of high debt and seek to reduce the fiscal deficit, which is part of the recent agreement reached with the International Monetary Fund (IMF).
According to Reuters, Argentina signed an agreement with China Nuclear Industry Group Corporation (CNNC) in February in February.China Nuclear Group said at the time that it would provide 85%of financing for the project, and the rest was borne by Argentina.
However, Argentina is now facing more tense fiscal prospects.According to IMF's recent approval plan to provide Argentina's 44 billion US dollars of funds, Argentina needs to achieve a financial balance by 2025, including the reduction of energy subsidies with one billion US dollars.Argentina's basic fiscal deficit in 2021 is equivalent to 3%of GDP.
Jorge Sidelnik, an executive director of the local partner, said: "In view of the problems in our capital, our goal is to provide 100%financing by China with 100%of financing., To ensure that there will be no delay. "
