Argentina to borrow $300 mln from CAF

Argentina to borrow $300 mln from CAF

Corporate & Sovereign Strategy Economy & Policy Project & Infrastructure Finance Argentina Latin America Coronavirus

Argentine President Alberto Fernández said Wednesday that the country will borrow $300 million from the Latin American development bank CAF for a food assistance program. The funds will allow Anses, the social welfare agency, to increase the assistance to qualifying poor families to ARS6,000 to ARS9,000 ($68-102) per month, depending on the number of children, up from ARS4,000 to ARS6,000, he said in a news conference after holding a videoconference with CAF CEO Luis Carranza Ugarte about the lo

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