Home / Daily Briefs / 2023 / 23 / Argentina gets funds for education, river defenses

Argentina gets funds for education, river defenses

Argentina gets funds for education, river defenses

March 23, 2023 | Charles Newbery
IBRD provides $300 mln to lower dropout rates for low-income students and Fonplata supplies $44 mln to reduce flooding along the Bermejo River

International Financial Institutions World Bank Loans Argentina Debt

Argentina's government said Wednesday that it took out loans from two development banks to invest in public education and shore up the embankments of a major river in the north of the country. The International Bank for Reconstruction and Development (IBRD), a division of the World Bank, will provide $300 million for a project to reduce dropout rates among low-income students in secondary and higher education, including through scholarships. The proceeds of the loan will also go toward improving

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