MercoPress. South Atlantic News Agency
IDB 6bn loan to reduce development disparities in Argentine Northern provinces
The Inter-American Development Bank (IDB) approved a credit program for Argentina of 6 billion dollars until 2015, destined to works in the region known as Norte Grande, and Greater Buenos Aires, the Economy Ministry stated in a communiqué. Read full article
Comments
Disclaimer & comment rulesDon't expect to get paid back because Argentina will default long before then and since the world is increasingly telling them a debt is a debt soon the whole world will be a vulture fund that bleeds the Argentinian people and are not deserving of their hard earned yet worthless pesos.
Dec 13th, 2012 - 11:04 am - Link - Report abuse 0Spread the word! Sign this petition! http://epetitions.direct.gov.uk/petitions/42558
That's money that they'll never see again. I thought stealing our money through taxes was working so well. They too will see their money mismanaged, not paid back, and they will probably also be dubbed “vultures” somewhere down the line.
Dec 13th, 2012 - 12:40 pm - Link - Report abuse 0the question is: did germany, us, and other bigger eu-countries disagree again or agreed? who knows?
Dec 13th, 2012 - 12:47 pm - Link - Report abuse 0@3
Dec 13th, 2012 - 01:36 pm - Link - Report abuse 0You Moron, the IDB is an American continent only thing. Not that Germany, “you”, or the rest of the EU have any money to lend if you could mind you. You will be asking us for food aid soon.
@3 It's the Inter-American Development Bank. But what is worrying is that the 48 “members” are divided between the “borrowing” and “non-borrowing” states. Argieland has defaulted on the IADB before. AND 50.02% of the shares are held by the “borrowers”!
Dec 13th, 2012 - 01:44 pm - Link - Report abuse 0It is not very isolationist to take large loans from outside bodies is it? I thought Argentina was entirely self-sufficient and didn't need the rest of the world.
Dec 13th, 2012 - 02:17 pm - Link - Report abuse 0Approving the loan and disbursements are two very different things. I doubt they will be able to disburse if the IMF kicks out Argentina.
Dec 13th, 2012 - 02:33 pm - Link - Report abuse 0@4Nosy
Dec 13th, 2012 - 02:55 pm - Link - Report abuse 0Morons in glass houses should not throw stone!!!! , thats a computer your sitting in front of, use it to look up IDB, pay particular attention to Governance of the bank, as conqueror says, Borrowing (Latam) and None Borrowing members.
So much for not lending Argentina anything lol some people will never learn.
Dec 13th, 2012 - 03:01 pm - Link - Report abuse 0http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
@4 before you go calling people morons I suggest you get your facts straight. Although the IDB only lends to South America and the Caribbean, the 22 non-borrowing countries put up guarantees for the amounts borrowed in order to make the loans at lower interest rates. 16 of those countries are European.
Dec 13th, 2012 - 04:09 pm - Link - Report abuse 0Bloody European vultures, lending money at low interest rates, THIEVES, PIRATES, SPECULATORS. Refuse to pay them back, that's what I say!!!
Dec 13th, 2012 - 04:45 pm - Link - Report abuse 0How's that for a typical nosey response?
@8 Thank you.
Dec 13th, 2012 - 07:04 pm - Link - Report abuse 0The Bank is owned by 48 sovereign states, which are its shareholders and members. Only the 26 borrowing countries are able to receive loans.
Borrowing: Argentina, The Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Trinidad and Tobago, Uruguay, Venezuela
Non-borrowing: Austria, Belgium, Canada, China, Croatia, Denmark, Finland, France, Germany, Israel, Italy, Japan, The Netherlands, Norway, Portugal, Republic of Korea, Slovenia, Spain, Sweden, Switzerland, United Kingdom, United States
http://en.wikipedia.org/wiki/Inter-American_Development_Bank
And now we can all appreciate Nostril's lack of education and intelligence. Just look at that, Nosy, the IADB is a PREFERENTIAL CREDITOR and has to be paid back FIRST.
The U.S. is helping the environment and humans on both continents!!!
Dec 13th, 2012 - 09:11 pm - Link - Report abuse 0Nostril you are an anus, I've told you before do your homework before spouting off...............wait for it people thesaurus meltdown !!!!!
Dec 13th, 2012 - 10:24 pm - Link - Report abuse 0You really know how desperate the world economy is when a ZZ nation gets AA credit, I will like to remind all readers that money is a beast that is only loyal to greed. If this money didn't make it to Latin America I am sure many nations around the world would have suffered hunger, mind you this is just a bandage compared to heart surgery needed to keep the world population from hunger.
Dec 13th, 2012 - 11:29 pm - Link - Report abuse 0See, I told you so. (More positive news). Go and squirm Brit turnips.
Dec 13th, 2012 - 11:58 pm - Link - Report abuse 0http://www.buenosairesherald.com/article/119310/cfk-argentina-close-to-reaching-automobile-trade-agreement-with-mexico
IDB. Good luck in getting your money back. Without interest, if at all.
Dec 14th, 2012 - 12:14 am - Link - Report abuse 0Seems some people don't think Arg is the investment risk the haters on this blog say it is...
Dec 22nd, 2012 - 11:03 pm - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!