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World Bank approves guarantee-backed financing package for Argentina
The guarantees will cover 95% of debt service and help Argentina lower borrowing costs as it faces more than $4 billion in July repayments.
- On Tuesday, The World Bank Group approved a $2 billion commercial loan package for Argentina, designed to reduce financing costs and strengthen the nation's public debt management.
- Debt-Strapped Argentina faces private debt payments exceeding $4 billion due in July, prompting the guarantee to bridge the country's return to international capital markets.
- The guarantees cover 95% of debt service payments on the commercial loan, which features a six-year term with a three-year grace period supporting long-term resilience.
- Separately, the Inter-American Development Bank is considering a $550 million disbursement for Argentina, while The CAF announced a $400 million loan to Pan American Energy on Tuesday.
- Fitch and S&P raised Argentina's credit rating to 'B-' in recent weeks, citing improved fiscal conditions, while a May International Monetary Fund review unlocked $1 billion in disbursements.
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The country must face, in July, the payment of about $4.3 billion (R$ 21.88 billion) in debts in the hands of private creditors
World Bank readies $2 billion loan for Argentina, Ambito reports
·New York, United States
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The country resumed receiving funding from multilateral organizations after the shift to the pro-market government of President Javier Milei.
·Brazil
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Coverage Details
Total News Sources30
Leaning Left4Leaning Right3Center3Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 30%
R 30%
Factuality
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