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Argentina picks up loans for hunger, digital programs

Argentina picks up loans for hunger, digital programs

September 13, 2021 | Charles Newbery
Government agrees to borrow $200 mln from the IDB and $50 mln from CABEI

Inter-American Development Bank (IDB) International Financial Institutions Economy & Policy Loans Argentina Coronavirus

Argentina said Friday that it approved plans to borrow up to $250 million from two development banks for projects to fight hunger and help smaller companies improve their competitiveness with digital technology. The Inter-American Development Bank (IDB) will provide a $200 million loan to help the Ministry of Social Development provide food to people who are struggling to make ends meet in response to the COVID-19 pandemic. Argentina's economy contracted by about 10% last year as a nearly eight-

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