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A day of records It was one of the biggest days in the 40-year history of the IDB: on December 16 the Bank's Board of Executive Directors approved the largest lending amount for one session, $3.5 billion, as well as the largest single loan for a country, $2.5 billion to Argentina. The Argentina loan will help the country to strengthen its banking sector, deepen macroeconomic reforms and make improvements in education, health and jobs. Other loans approved that day were for Colombia, Mexico, Guatemala and Panama. Volunteerism against poverty The meeting followed similar discussions with representatives of the Vatican and the Latin American Catholic Bishops Conference. Quality in the schools Colombian peace plan According to President Andrés Pastrana, government
programs will include aid for refugees and projects to help poor farmers switch from growing coca leaf to legal crops. Present at
the plan's unveiling was IDB President Enrique V. Iglesias, who promised substantial Bank financing for the program. |
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