The Minister of Economy, Sergio Massacontinues in search of dollars during his tour in the United States and, this time, he held a working meeting with the president of the IDB, Ilan Goldfajnwith the aim of advancing an assistance program for Argentine producers affected by the drought.
In this way, the Inter-American Development Bank It will provide lines of support that will help to improve the damage caused by the drought in the producers, attending to the social effects of the same.
The meeting was attended by the Secretary for Economic Policy, Gabriel Rubinstein, his partner for Economic and International Financial Affairs of Mecon, Marco Lavagna; the head of Advisors, Leonardo Madcur; and the adviser to the minister in international relations, Gustavo Martínez Pandini.
This amount is in addition to the support it obtained from the World Bank of US$950 million for projects “in preparation” in July and August of this year.
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%.
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
