The government formally asked the World Bank at the end of last December The suspension of nine programs with financing approved for US $ 1,700 million Among those who were some major infrastructure works such as the electrification of Belgrano Sur, with an assigned budget of US $ 598.5 million.
In addition, he requested the suspension of funds for water and sanitation works; The promotion of clean energy for vulnerable homes and the management of rural risk and floods, among others.
In the middle of a election year, and following its line of cut of public works and spending, the objective of freedom progresses will be to focus on Prioritize work, education and social assistance programs, such as promoting employment.
From the World Bank they confirmed to Scope the request for cancellation of funds last December 23 that were destined to “Projects that are not priority today” for the government of Javier Milei and that had been taken and approved mostly during the management of Alberto Fernández.
They also explained that the transfer of funds is not direct. Those US $ 1,700 are canceled and loan negotiations for new programs must be opened.
The information was corroborated this Sunday to the Clarín newspaper by the Secretary of Finance of the Nation, Pablo Quirnowho indicated: “We constantly look at the quality of the loan portfolio and prioritize those that have social impact, such as education and assistance to social plans. The southern Belgrano line of trains is not part of the prioritized works.” “It is of no use to have approved loans that increase the debt and that are not executed,”he added to that medium.
In this sense, one of the social policies that the Government seeks to prioritize is Foster employment. This is a program that is continuation of the encourage work that also began with the presidency of Alberto Fernández and that Freedom Avanza requested to restructure with changes and expansion of financing, in a context in which the unemployment amounts to 6.9%, according to INDEC data of the third quarter of 2024.
The renewal of this program must still pass the approval of the World Bank Board. As reported to this medium from the entity based in Washington, it will be presented between February and March for evaluation and although it is not yet defined which budget will be assigned, It is estimated that the figure will exceed US $ 200 million.
What is the Program Employment is about
Promoting employment is a program that aims to attend vulnerable groups that have difficulties in accessing formal work emphasizing training and other actions that contribute to improving work skills. It is intended for people between 18 and 64 years old who are unoccupied.
The beneficiaries must register in the employment portal, a web page that employers also access. In this case, those who hire workers by this means can access incentives such as 100% reduction in employer contributions.
Source: Ambito

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