World Bank grants two loans to Argentina

World Bank grants two loans to Argentina

Loans Corporate & Sovereign Strategy Argentina Politics Economy & Policy

The World Bank said it has granted two loans worth a total of $950m for Argentina to cover shortfalls in the budget and extend child benefits. The multilateral lender will supply $500m in development policy financing, or DPF, to limit Argentina's budget deficit. The 32.5-year loan carries a floating interest rate and comes with a 7.5-year grace period. The World Bank also said it will provide another $450m for the Children and Youth Protection Projects, aiming to reach 250,000 children not yet i

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial