Wednesday, July 23, 2014
The Inter-American Development Bank (IDB) has approved three loans totaling $410 million for Argentina. The funds will be used to finance environmental recovery efforts in the Reconquista River basin and urban solid-waste management to benefit 6.2 million people, as well as sustainable development of the fishing and fish farming sector. With these transactions, so far this year the IDB has approved $790 million in financing for Argentina. Besides the sectors mentioned above, the Bank is acting to support technological development in Mendoza province, improve the competitiveness of regional economies and boost highway safety and mobility in the Buenos Aires metropolitan area.