World Bank Wants Deal

Argentina must reach agreement with the International Monetary Fund before the World Bank will release $870 million in loans, said World Bank Vice President Pamela Cox. Last year the World Bank approved $2 billion in loans for Argentina, but has disbursed only $330 million so far. The IMF is pushing Argentina to come to terms with holdout investors, including billionaire Kenneth Dart, who did not take part in the country’s debt restructuring.