Argentina to receive US$900 million loan from World Bank ...Middle East

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Argentina to receive US$900 million loan from World Bank
source : Daily Sun ( Middle East ) () 28
LONDON: The World Bank announced a new US$900 million loan Wednesday to Argentina amid a hard-hitting economic crisis.The news came after World Bank Managing Director of Operations, Axel van Trotsenburg, met Argentinian Minister of Economy, Sergio Massa, in Washington to discuss the South American nation’s macroeconomic situation, Anadolu Agency reported.“This year, the World Bank has already approved US$1.1 billion of new projects and confirms about another US$900 million planned over the next six months,“ according to a statement from the Bank.Massa thanked the Bank and van Trotsenburg for the support and recognition of the measures that the country took to stabilise the macroeconomy and s

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