IDB Approves $550 Million Guarantee to Strengthen Security and Justice in Argentina and Mobilize $1.2 Billion
United States, June 17 -- The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a guarantee of up to $550 million to strengthen security and justice policies in Argentina and improve the country's access to capital markets.The IDB guarantee is the first to support this type of reform in Argentina. It will also enable the country to mobilize $1.2 billion in private financing, helping improve access to international capital markets, in line with the objectives of the fiscal sustainability plan agreed with the International Monetary Fund (IMF).The financing will support the Proactive Security and Justice Policies program (PROSEJUS), a set of reforms by the Argentine government aimed at reducing impunity for cri...
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