Print Edition - 2018-09-02  |  Money Digest

World Bank offers support for Argentina

WASHINGTON

Sep 2, 2018-

The World Bank expressed “strong support” for Argentina on Friday, days before the government of President Mauricio Macri was set to unveil new economic measures in a bid to calm market jitters that sparked a 30 percent dive in the local currency. “The World Bank expresses its strong support to Argentina in the current context of continued market turbulence,” a spokesman for the global poverty-fighting institution said. The World Bank plans to make $1.75 billion in previously announced commitments available to the country within the next 12 months, the spokesman said. A programme to strengthen and expand support for children would be considered by the World Bank board within several weeks, he added. (REUTERS)

Published: 02-09-2018 09:11

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