World Bank Approves $2 Billion Loan Package for Argentina
The World Bank Group on Tuesday approved a $2 billion commercial loan package for Argentina, which will help the country reduce its financing costs and strengthen public debt management, the institution said in a statement.
The plan combines two loans. The first is a policy-based guarantee from the International Bank for Reconstruction and Development, and the second is a loan from the Multilateral Investment Guarantee Agency, the bank said in a statement. The commercial loan has a six-year term, with a three-year grace period.
(Reporting by Eliana Raszewski in Buenos Aires, Editing by Matthew Lewis)
The post World Bank Approves $2 Billion Loan Package for Argentina appeared first on GV Wire.
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