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 Classification

-

Total Cost

USD 2,300,000,000.00

Country Counterpart Financing

USD 250,000,000.00

Original Amount Approved

USD 750,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
865/OC-AR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Single Currency Facility
Operation Number 865/OC-AR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Single Currency Facility

Can’t find a document? Request information

 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

Have an Environmental or Social issue related to IDB projects? File a Complaint