April 15, 2022 |
Argentina has been granted access to $1.3 billion in financing from the International Monetary Fund (IMF) to mitigate the impact of climate change and the COVID-19 pandemic, according to local press reports.
The country will be able to take out 20-year loans with a 10.5-year grace period from the IMF's Resilience and Sustainability Trust will be available to the South American country as of May 1, local newspaper Ámbito Financiero reported.
The IMF announced the creation of the $50 billion fund
South American government is allowed to tap $1.3 bln in financing to confront climate change and COVID-19