The World Bank has approved two significant projects for Argentina. The first project focuses on providing increased financing options for micro, small, and medium enterprises (MSMEs) to address climate risks and foster sustainable job creation, with a particular emphasis on empowering women and vulnerable groups. The second project aims to strengthen food programs for vulnerable populations by enhancing spending transparency, upgrading community kitchen registries, and closely monitoring assistance to beneficiaries. These projects, totaling US$650 million, are instrumental in supporting Argentina’s path towards sustainable and resilient growth, improving public services, and bolstering social protection. The loans have a repayment period of 32 years, with a grace period of 7 years.
Resource: https://esgnews.com/world-bank-approves-650-million-in-financing-to-strengthen-argentinas-msmes-and-food-programs/