World Bank confirms US$ 900 million of credit to Argentina in the next 6 months

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The World Bank confirmed the release of US$900 million in credit to Argentina over the next six months, an amount that adds to the US$1.1 billion that the organization has already disbursed for projects in the country in 2022.

The announcement was made in a statement after the meeting between the institution’s director of operations, Axel van Trotsenburg, with the Minister of Economy of Argentina, Sérgio Massa, who is in the United States for a series of commitments.

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“The minister and van Trotsenburg confirmed their commitment to continue working together to promote inclusive and sustainable growth in Argentina,” the document states.

According to the World Bank, the programs will include support for sewage works, universal health care, training for job creation and social protection measures for poor children.

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On his Twitter account, Massa thanked the World Bank for its strong support for Argentina and its “recognition for the measures we have taken to stabilize the macroeconomy and strengthen reserves”.

According to him, with US$ 9.1 billion in development projects in the country, the World Bank is today “a strategic ally of Argentina and will continue to be”.

Massa also had an agenda focused on lithium investors in Argentina.

The most awaited occasion of the visit to the United States, the meeting between the minister and the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, is scheduled for the 12th.

Source: CNN Brasil

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