IDB grants $6B loan to Argentina

The Inter-American Development Bank (IDB) approved a credit programme for Argentina of $6 billion dollars until 2015, destined to works in the region known as Norte Grande, and Greater Buenos Aires, the Economy Ministry stated in a communiqué.

According to the official statement, these funds will have "strategic aims to relief the development restrictions, the social inclusion and productivity, the urban sustainability and habitat improvement."

The loan reaches "areas such as transport, power, rural and agrarian development, tourism, education, health, water cleansing, rubbish treatment and development of urban and private sector."

Currently, the IDB loans to the public sectors reach 54 programmes for $9.206 billion dollars. During this year, the IDB approved new loans for a total amount of $1.390 billion dollars.