Search results
Results from the WOW.Com Content Network
Minister Alfonso Prat-Gay takes part in meetings with the IMF and the World Bank, shortly after the end of the default.. The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's ...
The World Bank states that its investment goals in Argentina are developing health, environment, education, infrastructure, labor market and social protection. Beginning in the 1980s, Argentina has been one of the largest recipients of World Bank financial support, generally falling in the top 10 credit receiving countries.
It took months of tough talks for Argentina to reach agreement on restructuring $65 billion in debt. "This was the easy step," Stephen Liston, senior director at the Council of the Americas, said ...
Inflation in Argentina has hit 161%. Its debts, including $45 billion that it owes the International Monetary Fund, are suffocating. Why Argentina's shock measures may be the best hope for its ...
BUENOS AIRES (Reuters) -The World Bank is prepared to provide Argentina with more than $2 billion in new loans destined for social security, education, transport, energy and battling poverty, the ...
The most recent arrangement approved Argentina to borrow SDR 40,714.00 million, of which Argentina has borrowed SDR 31,913.71 million [4] as of December 10, 2019. Over the past 63 years, Argentina has frequently used the resources of the IMF and holds the record for the largest loan distributed, reaching nearly $57 billion in 2018. [5]
The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture.
The Development Bank of Latin America and the Caribbean (CAF) has approved a $960 million loan for Argentina aimed at helping the government meet debt obligations with the International Monetary ...