The World Bank Group on Tuesday approved a guarantee-backed financing package to help mobilize up to $2 billion in commercial loans for Argentina, which will help the country reduce its financing costs and strengthen public debt management, the institution said in a statement.
- The World Bank Group has approved a guarantee-backed financing package for Argentina, aiming to mobilize up to $2 billion in commercial loans.
- This initiative is designed to help Argentina reduce financing costs and strengthen its public debt management.
- The package combines two guarantees from IBRD and MIGA, supporting a six-year commercial loan with a three-year grace period.
Topics: Jurisdictions, Public debt, Institutional adoption, Emerging hubs, Global sovereign bond tokenization, Banking depository pilots
Tags: #worldbank #argentina #financingpackage #commercialloans #publicdebtmanagement #guarantee #internationalbankforreconstructionanddevelopment #multilateralinvestmentguaranteeagency
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