Tag: Inter American Development bank (IDB)

Monday, September 8th 2025 - 19:15 UTC
Argentina: Dollar jumps after Sunday's midterm elections in BA province

The results of Sunday's midterm elections in the Argentine province of Buenos Aires pushed the US dollar above the AR$1,400 cap, given the poor performance of President Javier Milei's La Libertad Avanza (LLA) and, with it, the resurrection of Peronism-Kirchnerism. In addition, Argentine stock abroad fell sharply, coupled with a spike in the country's risk rating.
Saturday, April 12th 2025 - 10:44 UTC
WB and IDB pledge further funding for Milei's Argentina

The World Bank (WB) announced Friday a US$ 12 billion financing package for Argentina over three years to support economic stabilization and reforms. Pending board approval, the initiative consists of several contributions as follows:
Friday, November 22nd 2024 - 10:20 UTC
Praise for Milei’s stabilization program: IDB approves 2 billion dollars in loans for Argentina

The Inter-American Development Bank (IDB) Executive Board approved four operations, totaling over 2 billion US dollars to support Argentina's strategy to promote fiscal sustainability and lay the groundwork for sustainable and equitable growth. The loans will assist the country in key measures to strengthen public finances, energy sector sustainability, and child development. Additionally, the IDB will support the City of Buenos Aires in improving access to public health services.
Monday, October 14th 2024 - 10:13 UTC
IDB announces loans for Argentina

Argentina's administration of President Javier Milei will be receiving loans worth US$ 3.8 billion from the Inter-American Development Bank (IDB), it was reported during the weekend. These funds will be allocated to various projects, energy subsidies, and social plans, it was explained.
Wednesday, January 31st 2024 - 10:19 UTC
Latin America exports in 2023 contracted 2,2%, and prospects for this year are uncertain, IDB report

The value of exports from Latin America and the Caribbean contracted by 2.2% in 2023 after having grown by 17.0% in 2022, a new release from the Inter-American Development Bank (IDB) reports.
Saturday, December 16th 2023 - 10:37 UTC
IDB will continue to support Argentina

Inter-American Development Bank (IDB) President Ilan Goldfajn said his entity “has supported Argentina for many years and decades and will continue to” do so after President Javier Milei's administration adopted a series of measures he found to be “strong.”
Wednesday, March 22nd 2023 - 10:11 UTC
IDB loan for Uruguay to strengthen post-pandemic public policy and fiscal management

The Inter American Development Bank, IDB, president Illan Goldfajn and Uruguay's Economy and Finance Minister Azucena Arbeleche signed a US$ 145 million loan agreement for the Program to Strengthen Public Policy and Fiscal Management in Response to the Health and Economic Crisis
Wednesday, March 1st 2023 - 09:05 UTC
IMF picks former Chilean Minister to replace Goldfajn

International Monetary Fund (IMF) Managing Director Kristalina Georgieva Tuesday announced that Chilean Economist Minister Rodrigo Valdés had been chosen to succeed the Brazilian Ilan Goldfajn as Regional Director of the global agency. Goldfajn left his post to become President of the Inter-American Development Bank (IDB).
Thursday, January 19th 2023 - 09:59 UTC
IMF and IDB willing to help Brazil manage spending cap

Brazil's Economy Minister Fernando Haddad said Tuesday after a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva that the agency was willing to help South America's largest country handle its fiscal situation, Agencia Brasil reported.
Monday, November 28th 2022 - 10:24 UTC
Loan to Argentina to strengthen marine resources sustainability and agricultural health

Argentina is receiving a US$ 125 million loan from the Inter-American Development Bank to help Argentina strengthen its agricultural health services and enhance the sustainability of its marine resources.