Argentina gets $700 mln loan from IDB

Argentina gets $700 mln loan from IDB

Corporate & Sovereign Strategy Inter-American Development Bank (IDB) International Monetary Fund (IMF) Economy & Policy Loans Argentina

The Inter-American Development Bank said Wednesday that it approved a $700 million loan to Argentina to help the cash-strapped country cover its financing needs in the near term. “The loan will provide budgetary support to help the country meet its short-term financing needs and protect social spending on vulnerable groups and infrastructure, while implementing reforms to reduce the public deficit, promote price stability, and ensure debt sustainability,” the IDB said in a statement. The seven-y

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