November 6, 2018 |
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
Multilateral lender says it will provide $950m to fill holes in the budget and extend child benefits