World Bank issues Argentina guarantees for $2 bln commercial loan
The World Bank on June 16 announced it was issuing guarantees to allow Argentina access to up to $2 billion in commercial loans, a move designed to aid the embattled economy's access to international capital markets.
Debt-strapped Argentina has private debt payments of more than $4 billion coming due in July.
The new loan will have a six-year maturity, with a three-year grace period, the World Bank said, but it did not offer further details on its conditions or who was providing it.
Argentine President Javier Milei's drastic program of economic reforms has won market approval and enabled the country to return to private capital markets.
