World Bank grants two loans to Argentina
Home / Daily Briefs / 2018 / 6 / World Bank grants two loans to Argentina World Bank grants two loans to Argentina World Bank grants two loans to Argentina November 6, 2018 | Mario Marroquin Multilateral lender says it will provide $950m to fill holes in the budget and extend child benefits The World Bank said it has granted two loans worth a total of $950m for Argentina to cover shortfalls in the budget and extend child benefits. The multilateral lender will supply $500m in development policy financing, or DPF, to limit Argentina's budget deficit. The 32.5-year loan carries a floating interest rate and comes with a 7.5-year grace period. The World Bank also said it will provide another $450m for the Children and Youth Protection Projects, aiming to reach 250,000 children not yet i
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