In this way, the government adds a new international support for relevance. The funds would be destined to enhance mining, tourism, energy and Pyme productive framework.
The World Bank gave a sample of support to the Luis Caputo program.
The World Bank announced on Tuesday that it will accelerate its monetary assistance to the country, with an amount of up to US $ 4,000 million In the coming months. In this way, the government adds a new important support to cope with the crisis, after the overwhelming support statements by the US government.
As confirmed by the Minister of Economy, Luis Caputo, The package will aim to “support key competitiveness engines”: enhance mining and critical minerals; promote tourism as a source of employment and local development; expand access to energy; and strengthen supply chains and financing to SMEs.
“This step advances on the support package of US $ 12,000 million announced in April And it reflects the firm confidence in government efforts to modernize the economy, undertake structural reforms, attract private investment and generate employment. All proposed operations are subject to the approval of the Executive Board of the World Bank, “Caputo said.
Strong support from the US government to the management of Javier Milei, although details are expected
This announcement occurred in the middle of the Bilateral meeting that President Javier Milei had with his American pair, Donald Trump. The Republican said that Milei “inherited a ‘total disaster’ with a horrible inflation caused by the previous radical left president (very similar to the corrupt Joe Biden, the worst president in the history of our nation), but has returned the stability to the economy of Argentina and has raised it to a new level of prominence and respect.”
After that prelude, the US president said that his treasure secretary, Scott Besent, “He is working to give Argentina what he needs”.
On Monday Besent had anticipated that they were analyzing several financial support options, including a SWAP, direct purchases and US government debt purchases.
Source: Ambito
