WB ap­proves $1.06 bil­lion in Ar­gentina loans

The Pak Banker - - Company & Boss News -

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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