Argentina secures US$3.5b in new financing from World Bank
[BUENOS AIRES] Argentina has secured US$3.5 billion in new financing from the World Bank over the next two years to help fund water, health and housing projects as well as a child welfare programme, the Finance Ministry said on Friday.
The financing, which will be in addition to an impending disbursement of US$2.8 billion, will be welcome hard currency for the center-right government of Mauricio Macri which is having to rebuild the country's low foreign currency reserves.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
German forecast to offer signs if ailing economy on the mend
PBOC steps up rhetoric against long-end government bond rally
Trade, TikTok, Taiwan: Blinken faces tough talks in China
Australian inflation boosts case for higher-for-longer rates
The American small-business tyrant has a favourite political party
China’s prices are just too low for buyers to sweat about tariffs