“Very positive meeting with Anna Bjerde, new Managing Director of World Bank Operations,” Economy Minister Sergio Massa tweeted.
The minister of Economy, Sergio Massaheld a meeting with the new Managing Director of Operations of the world Bank, Anna Bjerdewithin the framework of the IMF Spring Meeting and the BM which takes place in Washington, USA. There they announced a financing additional for “projects in preparation for may and june by $950 million“.
“Very positive meeting with Anna Bjerdenew Managing Director of Operations of the world Bank. ratified the solid support of the institution to our country, especially after the strong impact of droughtwhich translates into projects being prepared for May and June by 950 million dollars”, Massa said after the meeting through his social networks.
Also present at the meeting were Philip Jaramillovice president of World Bank for Latin America and the Caribbean; the Executive Director for Argentina and the southern cone, Cecilia Nahon; and Marianne Fayrepresentative of world Bank In our country.
Greater financing for Argentina
Sources from the Ministry of Economy informed Reuters that the issuance of two bonds in dollars backed by the world Bank and the Development Bank of Latin America for a total of US$1.2 billion, of which the organizations will support 60%.
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The minister of Economy is found in USAwhere this Saturday he met with the Deputy Managing Director of the IMF, Gita Gopinath. As it was learned, after the meeting, the Argentine economic team will begin to work with the staff of the international organization in a new modification of the current agreement with the Fund to strengthen the framework economic policy and adapt it to new situation of the country.
Also, on his tour, Massa also announced the 42% increase in Progresar scholarships starting this month, a measure that could be taken thanks to a agreement with the World Bankfor disbursement of US$300 million. He also succeeded in carrying out the first investment for Argentina of the Saudi Fund for Development (SFD) for $500 million.
In addition, in a meeting with the Inter-American Development Bank (IDB), a financing agreement was reached for yesagricultural nest, waste management and maritime sustainability. The agreement was signed by the Minister of National Economy, Sergio Massawho also closed a disbursement to support small wine producersas had been argued by Secretary of Agriculture, Livestock and Fisheries, Juan Jose Bahillo.
Source: Ambito
