The World Bank will give Argentina loans for USD 2 billion

[Digital Nomad]

It sounds like the World Bank just committed to giving Argentina $2 BILLION. It says this will go to social programs. Not sure if it's a good idea to just keep adding to Argentina's debt but probably a positive the bank is willing to invest in Argentina.

El Banco Mundial le dará a la Argentina créditos por USD 2.000 millones: la fuerte reacción de Milei

La entidad multilateral ya aprobó préstamos por USD 8.500 millones para el país; la nueva asistencia se destinará a programas de ayuda social; las referencias de Milei al tema

www.infobae.com

 

[Wally]

Let's see which "social programs" they spend the money on.

 

[Vince]

Let's see which "social programs" they spend the money on.

Yes there is usually a lot of fraud and abuse or mismanagement with these funds but I'd feel more comfortable with Milei and his team.

Usually the World Bank wants to see many austerity measures and introduce privatization and deregulation. They don't have to worry about that with Milei as he is already doing those things.

 

[Anchor Baby]

I really think Argentina should avoid if possible taking on billions more in loans.

 

[Finance Prof]

I don't think it's a good idea to take on even more debt. They need to pay off all these loans ASAP and keep cutting down on spending and corruption.

World Bank announced US$ 2 bn loans for Argentina

World Bank (WB) Vice President Carlos Felipe Jaramillo announced Tuesday on X that his entity was “ready to accompany Argentina with more than US$ 2 billion in new loans in the areas of social protection and education and in supporting the poorest in their access to transportation and energy.”...

en.mercopress.com