Governor Alfredo Cornejo announced the approval of the USD 75 million Fonplata loan, published in the Official Gazette, aimed at strengthening multiple potable water projects in the province. The announcement was made during the visit of Interior Minister Diego Santilli, who chose Mendoza for one of his first federal activities since taking office.
Cornejo emphasized that the province had been sustaining much of the work with its own resources, while awaiting formal authorization. "We had been waiting for this financing, which had been in process for a very long time," he remarked.
A decisive boost to move forward with essential projects
The provincial leader detailed that the funds will allow progress on projects already underway and that are essential to ensuring access to potable water in various departments.
He also stressed that the signing of the decree was timed to coincide with Santilli's visit: "Last night the authorization for the Fonplata loan was published; it was signed yesterday and published today for his visit here in Mendoza."
Coordination between Nation and Province: a shared agenda
Cornejo highlighted the institutional gesture of the minister in starting his federal agenda in Mendoza. Meanwhile, Santilli indicated that his role will be to support governors in strategic projects and stated that Argentina is experiencing a period of stabilization and transition toward growth, driven by the national program focused on deep reforms.
"We need a clear budget that sets the direction", he stated, mentioning key areas such as greater allocation to education, health, and pensions; tax reduction; labor modernization; and a new penal code with zero tolerance for crime.
Reforms, fiscal balance, and growth: the framework for the new stage
During the conference, Cornejo and Santilli analyzed the agenda of structural reforms that the national government is promoting to consolidate a new cycle of growth.
Cornejo agreed that fiscal balance is indispensable, but pointed out that Argentina needs to go further: "Argentina, just by achieving fiscal balance, will not grow; it is a sine qua non condition, but not sufficient."
