More Dollars: The World Bank has announced that it will make an extra $ 900 million outlay

The World Bank announced Wednesday that it will make the disbursement $ 900 million more this year for the social and infrastructural programs carried out by the Argentine government. The news came after the visit to the agency of the Minister of Economy Sergio Massa who is looking for in Washington funds and investments.

This figure adds to the US $ 1,200 million that the Inter-American Development Bank (IDB) promised Tuesday that it will be disbursed at the end of the year (which are freely available and will then be used not for projects but to support reserves) and others 1,933 million dollars for infrastructure programs.

Massa met with the Chief Executive Officer of World Bank Operations, Axel van Trotsenburg in the morning. They talked about the macroeconomic situation in Argentina and highlighted the “excellent cooperation” between the Bank and Argentina, as reported.

They also discussed the measures the government is taking increase reserves and stabilize the Argentine macroeconomyand expressed their commitment to “inclusive and sustainable growth”.

“This year the World Bank approved $ 1.1 billion in new projects and confirmed another $ 900 million for the next six months,” the Bank announced in a statement.

These disbursements will be destined to social programs, flood management and investments to close the digital divide, they said Clarione from the bank.

Furthermore, Massa has promised them that he will accelerate the implementation of approximately $ 500 million of projects already funded by the World Bank over the next four months. This includes the works of Sanitation of Matanza-Riachuelo, support for the universal health system, funding for the training of workers and the support for poor children who receive universal childcare allowance.

The meeting was also attended by Felipe Jaramillo, Vice President of the World Bank for Latin America and the Caribbean, and Jordan Schwartz, Director for Argentina. Massa was accompanied by Cecilia Nahón, a former ambassador and now a representative at the World Bank; Deputy Minister Gabriel Rubinstein and Marco Lavagna, head of INDEC.

Seeking more funds and investments, Massa has a meeting in Washington with authorities from Whirlpool Corporativo, LIVENT, Río Tinto and Proyecto Rincón, and Economy has reported that there will be an investment announcement.

The day will end with a visit to the American Chamber of Commerce where you will meet investors and representatives of companies such as Akin Gump Strauss Hauer & Feld LLP, Bayer, Bristol Myers Squibb, Cargill, Chevron, Citi, DHL, Dow Chemical, Excelerate Energy, General Motors , Gilead Sciences, HSBC, John Deere, Merck & Co., Inc. Metlife, Pfizer Inc., Google and Procter & Gamble and Spotify.