IDB Approves $300m Argentina Loan

The IDB has approved a $300m 15-year conditional credit line to the Argentine National Agrifood Health and Quality Service for investment projects. A first $100m loan from the facility, guaranteed by the Argentine Government, is for a 25-year term with a 5-year grace period. It follows an IDB strategy agreed with Argentine authorities to promote competitiveness in agricultural development policy. Local counterpart funds for the loan total $43m. The deal will strengthen and expand the country’s capacity to protect and improve agricultural, agrifood and fisheries health and quality.