World Bank (WB) Vice President Carlos Felipe Jaramillo announced Tuesday on X that his entity was “ready to accompany Argentina with more than US$ 2 billion in new loans in the areas of social protection and education and in supporting the poorest in their access to transportation and energy.” He made those remarks after a “very good meeting” with Argentina's Economy Minister Luis Toto Caputo in Washington DC.
Latin America and the Caribbean (LAC) has reached a critical juncture. While the region has made significant progress in economic stabilization over recent decades, growth has stalled, undermining progress. Urgent action is needed to reverse course. In a new report, “Competition: The Missing Ingredient for Growth?” the World Bank highlights potential areas for action, emphasizing that leveraging competition policies and institutions is key to any impactful growth strategy.