World Bank Group and IDB to Provide Argentina with Over $8.8 Billion in Funding

INSUBCONTINENT EXCLUSIVE:
The World Bank Group and the Inter-American Development Bank (IDB) have announced plans to fund Argentina with over $8.8 billion
International Monetary Fund (IMF) and the World Bank.Minister Caputo and Finance Secretary Pablo Quirno met with Anna Bjerde, the World
They discussed a $2 billion package for Argentina, aimed at social protection, education, and making transportation and electricity more
affordable.World Bank Group and IDB to Provide Argentina with Over $8.8 Billion in Funding
(Photo Internet reproduction)Additionally, Argentine officials met with Makhtar Diop, Managing Director of the International Finance
Corporation (IFC), a World Bank agency
They agreed on $3 billion in funding for potential investments over the next two years.These funds will target key areas such as sustainable
mining, renewable energy, health, decarbonizing challenging sectors like steel and aviation, and trade financing.Caputo and Quirno also held
talks with IDB President Ilan Goldfain
He confirmed over $2.4 billion in public sector funding and about $1.4 billion through IDB Invest for the private sector.These funds aim to
strengthen social protection, enhance primary education, improve fiscal management, and expand access to essential energy services, focusing
on the most vulnerable households.