WB approves $1.06 billion in Argentina loans
WASHINGTON: The World Bank approved $1.06 billion in loans for Argentina to fund three projects to improve infrastructure, sanitation and health services, the bank said in an e-mail statement.
"The year ends with renewed support from the World Bank to Argentina," Penelope Brook, the bank's director for Argentina, Paraguay and Uruguay, said in the statement. The Washington-based lender has worked with the government of President Cristina Fernandez de Kirchner on eight projects worth $1.6 billion, including the three announced today, according to the statement. "Argentina is strengthening its strategy to promote inclusive growth, by expanding social services for the vulnerable and consolidating health programs, with the approval of these new World Bank projects," said Economy Minister Amado Boudou in the e-mailed statement. - PB News
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