Massa received financial assistance from the Islamic Development Bank for drought-affected producers

Minister of Economy , Sergio Massaand continues to search for dollars during his work Tour of the United States And this time, he had a business meeting with a boss Islamic Development BankAnd Ilan GoldfeinWith the aim of advancing the program of assistance to Argentine producers affected by the drought.

In this way, the file American Development Bank It will provide support lines that will help improve drought damage in producers, while paying attention to the social impacts of the same.


The meeting was attended by the Minister for Economic Policy, Gabriel Rubinstein, and his partner for international economic and financial affairs in Mecon City, Marco Lavagna. Chief Adviser Leonardo Madkour; and the Minister’s Adviser for International Relations, Gustavo Martinez Bandini.

This amount is added to the support he received from the World Bank, amounting to 950 million dollars, for “under preparation” projects in July and August of this year.

More funding for Argentina

Sources at the Ministry of Economy told Reuters of the two issuances bonds backed by dollars world bank and the Latin American Development Bank With a total of US$1.2 billion, 60% of it will be subsidized by organizations.

minister Economy Exists in United Statewhere he met on Saturday with Deputy Managing Director of the International Monetary FundAnd Gita Gopinath. As it was learned, after the meeting, the Argentine economic team will start working with the staff of the international organization in a A new amendment to the current agreement with the fund to strengthen the frame Economic policy and adapt it to the new situation of the country.

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Also, on his tour, Massa As announced 42% increase in scholarships for the Progresar Program Starting this month, an action that can be taken thanks to a Agreement with the World Bankl 300 million US dollars. It also succeeded in doing so First investment for Argentina affiliate Saudi Fund for Development (SFD) for 500 million dollars.

In addition, in a meeting with the Inter-American Development Bank (IDB), a financing agreement was reached Yesagricultural nestAnd Waste management And marine sustainability. The agreement was signed by the Minister of National Economy. Sergio Massawho also closed the exchange to support a small wine producersas was said before Minister of Agriculture, Livestock and FisheriesAnd Juan Jose Pahilo.

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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