The World Bank confirmed its support for Argentina with an investment of USD 950 million to help the country recover from the damage caused by the drought. The announcement was made after a meeting between the Minister of Economy, Sergio Massa, and Anna Bjerde, the new Managing Director of Operations of the World Bank, in the framework of the Spring Meeting of the International Monetary Fund (IMF) and the World Bank. that is taking place in Washington.
“Very positive meeting with Anna Bjerde, new Managing Director of Operations of the World Bank. He ratified the solid support of the institution to our country, especially after the strong impact of the drought, which translates into projects being prepared for May and June for 950 million dollars”, said the Minister of Economy. Massa thanked the support of the World Bank and stressed that the funds will be used in specific projects that will be carried out in May and June.
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Also present at the meeting were the Vice President of the World Bank for Latin America and the Caribbean, Felipe Jaramillo, the Executive Director for Argentina and the Southern Cone, Cecilia Nahón, and the representative of the World Bank in Argentina, Marianne Fay.