World Bank grants additional US$ 230 million to Milei's Argentina

World Bank grants additional US$ 230 million to Milei's Argentina

The World Bank (WB) Friday approved a US$ 230 million loan for Argentina to enhance job creation and training, supporting the 'Promoting Employment' and 'Back to Work' programs. This financing, part of a US$ 12 billion three-year package following Argentina’s International Monetary Fund (IMF) agreement, aims to benefit over 800,000 unemployed individuals through training, job search services, and socio-labor skill certification, it was explained.

On Monday, the Argentine government officialized a new extension of the budget, published in the Official Gazette, and which provides for budgetary changes in multiple areas of the State, with the argument of serving "imposterable expenses" in bodies of the executive branch, the legislative branch, the judiciary and public enterprises, among them, more than one hundred million dollars destined to [...] Argentina's entry increases defense and int…

Argentina would be burdened by an exorbitant foreign debt of $290 billion, which makes it dangerously exposed to a possible appreciation of the dollar and anticipates a bleak economic outlook for Argentina. The agreement with the IMF to receive $20 billion would be a lifeguard for the Milei government, since the Central Bank’s reserves accumulated a fall of $8.1 billion since the beginning of the year and would touch the $25 billion, its lowest …

The agricultural complex, which in 2024 exported for US$30 billion (US$24 billion in the exchange market and the rest in the CCL), could reach US$50 billion in ten years, according to an optimistic scenario developed by the Rosario Stock Exchange, which raises different variables that could lead the Argentine field to its greatest potential. A base scenario, would lead exports to US$33 billion, which does not imply a big jump from 2024 and to th…

World Bank likely to approve $100m for education programme

ISLAMABAD: The World Bank is likely to approve $100 million for actions to strengthen performance for inclusive and...

"Argentina is investing in the formation of its labour force and the creation of more and better jobs. In the next ten years, 1.9 million young people will reach productive age, while technological advances are complicating people's employment traditions in their productive years," said Marianne Fay, director of the World Bank for Argentina, Paraguay and Uruguay, in a communiqué. The loan is intended for 'Promotion of Employment' and Return to W…