World Bank approves $2 billion guarantee for Argentina
Business
June 17 (UPI) -- The World Bank's board approved a $2 billion financial guarantee package for Argentina, a move aimed at helping the country meet upcoming foreign currency debt obligations and support its return to international credit markets. The package is not a traditional cash loan. Instead, it consists of credit guarantees provided through two World Bank institutions, the International Bank for Reconstruction and Development and the Multilateral Investment Guarantee Agency, which will
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