Provincial Bank Privatization

THE PROGRAM WOULD PROVIDE SUPPORT UP TO THE POINT OF SALE OF THE ARGENTINIAN PROVINCIAL BANKS AND LONG TERM FINANCIAL SUPPORT TO THE PROVINCES TO PAY THE COST OF PRIVATIZATION OR FORECLOSURE OF THESE BANKS. THE PROJECT WOULD FINANCE: I) PROVISION FOR LIQUIDITY TO REPAY PRIVATE SECTOR SHORT TERM DEPOSITS AS WELL AS ADVANCES BY CENTRAL BANK AND BANCO NACION; II) STAFF REDUCTION IN FORCE; III) PRIVATIZATION CONSULTANCY SERVICES

Project Detail

Country

Argentina

Project Number

AR0187

Approval Date

May 10, 1995

Project Status

Closed

Project Type

Loan Operation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

REFORM AND PUBLIC SECTOR SUPPORT

Lending Instrument

Préstamo de Apoyo a Reformas de Política

Lending Instrument Code

PBL

Modality

PBL (Policy Based Loan)

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 2,300,000,000.00

Country Counterpart Financing

USD 250,000,000.00

Original Amount Approved

USD 750,000,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-470987636-8429

Loan Proposal

Provincial Banks Privatization Sector Loan [432452].PDF

Dec. 31, 1999

English

https://www.iadb.org/document.cfm?id=EZSHARE-470987636-8430

Loan Proposal

Programa sectorial de privatización de bancos provinciales [432459].PDF

Dec. 31, 1999

Spanish

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