The Minister of Economy, Luis Caputo, is in Washington to meet with representatives of international organizations. During one of these meetings, the World Bank agreed to provide Argentina with new credits totaling US$ 2,000 million.
Carlos Jaramillo, Vice President of the World Bank, highlighted the importance of this financial assistance and mentioned that it will be allocated to areas such as social protection, education, access to transport and energy for the most disadvantaged sectors. Two new projects amounting to nearly US$1000 million are expected to be presented to the World Bank board in November, in order to strengthen the departments responsible for implementing subsidy rationalization programs in Buenos Aires.
In addition, other projects related to education and nutritional support programs for the first thousand days of a baby's life are planned to be presented. Before these negotiations, Caputo participated in a meeting of the Council on Foreign Relations (CFR), an important forum for debate on international issues.
In the coming days, the minister is scheduled to meet with the President of the Inter-American Development Bank (IDB), Ilan Goldfajn, to discuss possible loan agreements totaling more than US$ 2400 million aimed at the public sector. Caputo is attending these meetings as part of the World Bank and International Monetary Fund's Annual Fall Meeting, where Argentina will seek to renegotiate a new agreement that allows it to access more funds to strengthen its reserves and improve the country's financial situation.
