World Bank expresses strong support for Argentina
World Bank expressed "strong support" for Argentina on Friday, days before the government of President Mauricio Macri was set to unveil new economic measures.
- Country:
- Argentina
The World Bank expressed "strong support" for Argentina on Friday, days before the government of President Mauricio Macri was set to unveil new economic measures in a bid to calm market jitters that sparked a 30 percent dive in the local currency.
"The World Bank expresses its strong support to Argentina in the current context of continued market turbulence," a spokesman for the global poverty-fighting institution said.
The World Bank plans to make $1.75 billion in previously announced commitments available to the country within the next 12 months, the spokesman said. A program to strengthen and expand support for children would be considered by the World Bank board within several weeks, he added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
-
World Bank Backs Serbia’s Gas Network With $600M for Decade of Energy Upgrades
-
World Bank Backs Türkiye’s Farmers With $750 M to Boost Rural Jobs and Growth
-
Machine Learning Reveals Why Women’s Agency Measures Must Reflect Local Realities in Tunisia
-
Malawi’s Fragile Recovery Faces Jobs Test; Debt and State Firms Strain Economy
-
Ethiopia’s Justice Paradox: Fast Courts Face Staffing, Digital and Access Gaps as Cases Rise
Google News