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Financial News: ARGENTINA: IDB Active Loan Portfolio In The Country

ARGENTINA: IDB Active Loan Portfolio In The Country Surpasses US$10 Billion

09/12/2017 - 16:16:00 (RTTNews)

(RTTNews) - The Inter-American Development Bank (IDB) will approve this year a total of US$ 2.3 billion in financing for technological innovation, security, transportation, water and sanitation, institutional strengthening, urban development and regional integration projects in Argentina. Also, the Inter-American Investment Corporation (IIC) plans additional projects for US$ 410 million.

For the next year, IDB announced US$ 2.35 billion in commitments with Argentina, while the IIC committed itself to investments of US$ 600 million.

Currently, the IDB's portfolio in Argentina comprises 62 projects totaling US$ 10.12 billion, while the IIC has an active portfolio of 18 operations totaling US$ 550.3 million focused on sectors such as transport, agribusiness, and financial entities.

Meanwhile, Argentina, alongside the IDB and the World Bank, will create a US$ 900 million Infrastructure Development Fund, of which the IDB will contribute with US$ 600 million and the World Bank with US$ 300 million.

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