January 7, 2019 |
Argentina has accepted loans from the OPEC Fund for International Development (OFID), the Word Bank’s International Bank for the Reconstruction and Development (IBRD) and the IDB, according to the government.
A $50m loan from OFID will enable the province of San Juan to tap into a potable water supply and build a sanitation infrastructure in the western province. The debt is backed by the federal government’s fund for the federal co-participation of taxes.
A $150m loan from the IBRD will help
The three loans are part of increased support from multilaterals over last six months