Argentina and the Inter-American Development Bank (IDB) have signed a credit agreement for US$1.2 billion for the rest of the year, Cabinet Chief Jorge Capitanich has informed.
IDB representatives met with government officials in Capitanich’s office in the pink house, and also analyzed the 62 ongoing projects between the credit entity and the South American country.
Capitanich stated Argentina’s credit benefits with IDB total up to US$9.5 billion, and said US$4.6 billion remain to be spent, mainly in drinking water supplies and road infrastructure.
Source: Buenos Aires Herald