Argentina picks up loan for climate projects

Argentina picks up loan for climate projects

Corporate & Sovereign Strategy Inter-American Development Bank (IDB) Economy & Policy Loans Argentina Debt ESG Green Finance

Argentina said Thursday that it has accepted a $500 million loan from the Inter-American Development Bank (IDB) for climate change mitigation in a bid to sustain economic growth despite the impacts of adverse weather conditions. The country will use the funds from the 20-year loan, which carries an interest rate based on the secured overnight financing rate (SOFR), to cover spending to mitigate the effects of climate change, such as from droughts and floods, Economy Minister Sergio Massa said in

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