Thursday, June 08, 2006

World Bank Green Lights Argentina Loans




The World Bank has approved $3.3 billion of loans to Argentina over the next three years to be invested in aiding sustainable development. The loans, part of the global Country Assistance Strategy (CAS), comprise 30 separate credits to support improvements in areas such as infrastructure, health, education and the environment. The approval of the loans is seen as a vote of confidence in the country’s economic recovery after the crisis of 2001-2002.


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