This type of loan, called Special Development Financing (SDL) and under the name “Program to Support Fiscal Sustainability and Growth,” will contribute to “strengthening public finances and the balance of payments,” the government said.
He Board of Directors of the Inter-American Development Bank (IDB) approved this Wednesday and a financing for US$647.5 million for Argentina, in an operation that is generated from the reallocation of previously approved resources to the country.
This type of IDB loan, called Special Development Financing (SDL), and under the name “Program to Support Fiscal Sustainability and Growth”, will contribute to strengthening public finances and the balance of payments, reinforcing macroeconomic stability and growththe Government reported.
The disbursement, which is expected for the first days of augustis the result of more than a semester of joint work by the agency’s staff with the authorities of the Finance Secretariat in charge of Pablo Quirnowhich also includes an agreement for new credit operations planned for the remainder of the year by an additional US$2.195 million.
These new project approvals will support the Early childhood and literacy policies promoted by the Ministry of Human Capital, in addition to improving fiscal management through reforms that improve public revenues and make public sector spending more efficient, especially through improvements in the targeting of subsidies to the most vulnerable households.
Source: Ambito
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