Caputo met with the World Bank: negotiates US$ 10 billion to finance private investments

The president of the World Bank participated in the meeting, Ajay Banga; the vice president for Latin America and the Caribbean, Susana Cordeiro Guerra; and the vice president for Europe, Latin America and the Caribbean of the International Finance Corporation (IFC), Alfonso García Mora.

As reported by Caputo through his X account, during the meeting progress was made on new projects financed by the multilateral organization and the possibility of increasing the funds allocated to the country was analyzed, although no additional amounts were specified.

One of the main axes of the conversation was the promotion of private investments in strategic sectors of the Argentine economy. “Currently, we are working on enable new investments in the private sector for USD 10,000 million“said the minister, without providing further details about the projects involved.

The head of the Treasury Palace also announced that the World Bank will provide technical assistance for the monitoring and execution of projects linked to the Large Investment Incentive Regime (RIGI), one of the Government’s main tools to attract capital to sectors such as mining and energy.

As Caputo explained, the work agenda aims to “enhance the country’s mining and energy resources” to increase exports, generate employment and develop value chains. Opportunities were also identified to promote the economic and financial inclusion of small and medium-sized businesses.

Finally, the minister noted that the conversations included the development of an artificial intelligence strategy and the implementation of a project that can be extended to different productive sectors and regions of the country, with the participation of different World Bank agencies.

In the series of meetings with bilateral organizations, Caputo also had a meeting with the president of the Inter-American Development Bank (IDB), Ilan Goldfajn. This Wednesday the Government made official a loan from that entity to reinforce gas subsidies and the purchase of bottles for US$ 500 million.

“We talked about the organization’s important support for the development of Argentina and the reform process that we are carrying out. We also analyzed the current portfolio of projects and the financing prospects for next year,” said the Argentine minister.

Finally, Caputo had a meeting with the Undersecretary of International Affairs of the North American Treasury, Erin Browne. “Beyond the progress made in the bilateral relationship and the agreements already signed, we agree on the importance of continuing to deepen and strengthen the ties between both countries,” the minister posted.