April 12, 2025 - 07:06
The World Bank is set to unveil a substantial financing package of $12 billion for Argentina, signaling a significant international commitment to support the nation's economy. This announcement is anticipated to coincide with the International Monetary Fund's expected approval of a $20 billion loan deal for Argentina.
In addition to the World Bank's support, the Inter-American Development Bank is also preparing to announce its own financing package for the country. This coordinated effort comes on the heels of Argentina's central bank revealing plans to relax its stringent foreign exchange market controls. The new policy will allow the Argentine peso to fluctuate freely within a band ranging from 1,000 to 1,400 pesos per dollar.
These moves to dismantle strict capital controls are viewed as essential steps to secure new financing from international financial institutions. The upcoming announcements are expected to provide a much-needed boost to Argentina's economy, which has been grappling with various financial challenges.
