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World Bank commits 5bn dollars financial support for Argentina in 2015/2018

Wednesday, September 10th 2014 - 06:03 UTC
Full article 16 comments

The World Bank Group’s (WBG) Executive Directors discussed a new Country Partnership Strategy (CPS) for Argentina covering fiscal years 2015-2018 with financial commitments over the period expected to be in the range of 1 to 1.2 billion dollars per year plus 1.7bn for the private sector. Read full article

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  • gordo1

    But why? They don't pay their debts!

    Sep 10th, 2014 - 06:18 am - Link - Report abuse 0
  • CabezaDura2

    What I gather is that bureaucrats of the World Bank are good spending other peoples money. The US will block the credits.

    Sep 10th, 2014 - 06:31 am - Link - Report abuse 0
  • Vulcanbomber

    I hope the UK block any money to Argentina.

    They must learn to pay debts, not get hand outs

    Its all due to China playing a clever hand, like loan sharks, you dont not pay China, as they take land or crucial assets

    Sep 10th, 2014 - 06:53 am - Link - Report abuse 0
  • yankeeboy

    Its not the approvals that count its the disbursements. Argentina has lots of projects approved at IDB but not a penny has been disbursed.
    The USA will continue to thwart their efforts for the foreseeable future.

    Sep 10th, 2014 - 09:56 am - Link - Report abuse 0
  • Briton

    Once again it seems that CFK is rewarded for her deeds.

    Sep 10th, 2014 - 10:48 am - Link - Report abuse 0
  • ChrisR

    “Argentina's position was explained by Economy minister Axel Kicillof who said that in the past ten years the country has gone through an historical process of development based on employment and production.”

    And they fell for it!

    Another 'win' for the won decade! Ha, ha, ha.

    Sep 10th, 2014 - 11:28 am - Link - Report abuse 0
  • yankeeboy

    6. They just wanted them to stop whining and crying. They won't see a cent. In Feb 15 the IMF will censure them and put them on the path to expulsion. The WB IMF IFC etc etc all depend on “good standing” with the IMF before they can loan.
    So, this is just more meaningless PR lies.

    Sep 10th, 2014 - 11:34 am - Link - Report abuse 0
  • hurricane

    The do gooders once again try to give away OPM. They are pros at it to say the least. Don't fret though, not a centavo will reach Argentina while Goofy and the gang are there.

    Sep 10th, 2014 - 04:51 pm - Link - Report abuse 0
  • Chicureo

    #7 Yankeeboy

    I would imagine you're correct, but strange things happen and perhaps more money will go down the drain as a never ending story...

    Sep 10th, 2014 - 06:35 pm - Link - Report abuse 0
  • Room101

    And she still has her Don Yuan.

    Sep 10th, 2014 - 08:24 pm - Link - Report abuse 0
  • Argenfellow

    I hope, dear gentlemen, that you will thoroughly enjoy this news, in harmony as it is with your most delicate and sincere inner feelings. China´s, on this very matter, are even better.

    Sep 11th, 2014 - 03:36 am - Link - Report abuse 0
  • Briton

    Ah yes, china is a very very nice generous polite friendly country,
    Until its payback time...

    Sep 11th, 2014 - 12:36 pm - Link - Report abuse 0
  • Leiard

    “The World Bank will be supporting Argentina in reaching the most vulnerable in society, especially in the lowest income areas of the country”

    Argentina Plans Latin America's Tallest Building, will reportedly require a $300 million investment and a construction period of five years.

    Architectural plans released Wednesday depict it as being in the shape of Argentina's map while an outdoor stadium for 15,000 people at ground level is shaped like the map of the Falkland Islands. The British territory in the South Atlantic is claimed by Argentina, which calls it Las Malvinas.

    http://www.hollywoodreporter.com/news/argentine-film-industry-gets-latin-731732

    Sep 11th, 2014 - 12:38 pm - Link - Report abuse 0
  • yankeeboy

    9. I am very sure IFC can't lend to a country declared in default.
    This ridiculous PR is more worthless wind out of the corrupted regime in BA.

    Sep 11th, 2014 - 12:48 pm - Link - Report abuse 0
  • Briton

    The World Bank = shaped like the map of the Falkland Islands.
    is corrupt

    would they build a building showing the defeat of Argentina, thought not.

    Sep 11th, 2014 - 12:54 pm - Link - Report abuse 0
  • ilsen

    I expect this to get blocked at some stage.

    Sep 11th, 2014 - 07:29 pm - Link - Report abuse 0

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