The objective is to obtain dollars urgently in order to recover reserves, reviving the story of Carlos Menem in the 1990s.
K. Jiménez
In Argentina, the ultra-liberal government of Javier Milei announced the privatization of the company Agua y Saneamientos Argentinos (AySA), with the aim of obtaining the dollars it urgently needs to recover reserves, reviving the history of Carlos Menem in the 1990s.
The spokesman of the Casa Rosada, Manuel Adorni, detailed that it will be a “mixed” system, combining a national and international bidding to select a new operator and an initial public offering to open the capital to other investors. The permanence of the employees as shareholders will be guaranteed, with 10% of the capital stock through the Participated Ownership Program.
Adorni justified the decision by pointing out that, since its nationalization by Néstor Kirchner 200, AySA has required contributions from the Argentine people of US$ 13,400 million and user arrears have reached 16%.
The operation implies the possibility that the service may be cut off to residential customers in arrears, quarterly rate adjustments and that the necessary works may be financed by the users in their bills, with which “water ceases to be a right and becomes a business”, warned lawyer Pablo Serdán, consulted by Página 12.
I thought they might try to be sneaky by starting with giving it to an Argentine company. But they're gonna go ahead and say the US can privatize Argentina's water.
Or the zionist entity.
Yea definitely, if their claim is that they really need Dollars, they can't sell it to an Argentine corp. To obtain foreign currency they need to sell to foreign corps.