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Argentina will increase food security for vulnerable population with IDB support

The Inter-American Development Bank (IDB) approved a $200 million project for Argentina to ensure, through cash transfers, a minimum income for more than two million people affected by the impact of the pandemic.

The project will help implement an extension of the extension of the Alimentar card benefits to households with children up to 14 years old, and ensure minimum levels of income for pregnant women and people with disabilities from the most vulnerable groups, in addition to improving the effectiveness of this benefit.

The project responds to the Gender and Diversity pillar of IDB Group’s Vision 2025, by offering inclusive solutions that ensure access to social protection services of most vulnerable populations. Through cash transfers, the operation will benefit directly more than two million people to achieve minimum levels of well-being.

The $200 million project has a disbursement period of 18 months and an interest rate based on LIBOR.

About the IDB

The Inter-American Development Bank is a leading source of long-term financing for economic, social and institutional projects in Latin America and the Caribbean. Besides loans, grants and guarantees, the IDB conducts cutting-edge research to offer innovative and sustainable solutions to our region’s most pressing challenges. Founded in 1959 to help accelerate progress in its developing member countries, the IDB continues to work every day to improve lives.

Contacts

Lobera,Jose Luis

Lobera,Jose Luis
External Contacts

Andrea Ortega

Andrea Ortega
Additional Contacts

Tristao,Ignez M.

Tristao,Ignez M.
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