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The IDB approves two loans to Argentina for a total of $220 million

The IDB will finance an infrastructure and road safety program in the Province of Buenos Aires and the implementation of Argentina’s National Financial Inclusion Strategy

Road network capacity and safety in Argentina’s Buenos Aires Province

Argentina will improve the Buenos Aires Province road infrastructure with a traffic safety and capacity enhancement program supported by a US$200 million loan from the Inter-American Development Bank (IDB).

The program will help boost road traffic quality by enhancing capacity on some segments of the main road network and raising safety standards, which will reduce vehicle operation costs, travel time and the number of accidents. It will also contribute to boost up spending efficiency, strengthening road assets planning and management processes, improving the road network operation, and providing support to pre-investment provisions.

Read full press release on road infrastructure.

Implementation of Argentina’s National Strategy for Financial Inclusion

Argentina will implement a National Strategy for Financial Inclusion with help from a US$20 million loan approved by the Inter-American Development Bank.

Its main beneficiaries will be poor and vulnerable segments of the population with no current access to the financial system, other sectors whose informal source of income precludes them from having an adequate access to financial services, and Micro and Small Enterprises.

Read full press release on financial inclusion.

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.

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