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[SITUATION] · [ACTIVE] · [POLITICS]

2 clusters · 5 sources · 2 days · First seen 7 days ago · Last updated 5 days ago

Argentina Water Infrastructure Fund allocation dispute

Overview

Buenos Aires Deputy Silvina Vaccarezza has accused Economy Minister Luis Caputo of diverting approximately 354.2 billion pesos from the Water Infrastructure Trust Fund (FFIH) into financial instruments rather than utilizing the capital for public works.

Data obtained through a public information request indicates that 303.37 billion pesos are invested in National Treasury Bills, with the remainder held in fixed-term liquidity reserves and bank accounts. Vaccarezza criticized the administration for prioritizing financial speculation over productive investments, such as flood prevention, rural road improvements, and projects related to the Salado River.

These allegations align with previous concerns raised by Buenos Aires Governor Axel Kicillof, who noted that significant funds intended for basin regulation and major infrastructure works were not being used for their designated purposes.

Entities

Fondo Fiduciario de Infraestructura Hídrica · Silvina Vaccarezza · Luis Caputo · Buenos Aires Province · Axel Kicillof

Timeline

5 days ago

[POLITICS] 3 sources
Argentina: Minister Caputo accused of diverting water fund to financial assets
Deputy Silvina Vaccarezza accused Economy Minister Luis Caputo of placing 354 billion pesos from a water infrastructure fund into financial instruments rather than funding urgent public works in Buenos Aires.
7 days ago

[POLITICS] 2 sources
Argentina Water Infrastructure Fund holds $354 billion pesos in financial instruments
Deputy Silvina Vaccarezza reported that $354.2 billion pesos from Argentina's Water Infrastructure Trust Fund are held in financial instruments instead of being used for urgent flood prevention and Salado River

Sources

borderperiodismo.com · bragadoesnoticia.com.ar · las2orillas.co · semanarioextra.com.ar · unicef.se