WORLD World Bank approves $35 mln loan to fight COVID-19 outbreak in Argentina


World Bank approves $35 mln loan to fight COVID-19 outbreak in Argentina


12:01, April 03, 2020

People wearing face masks as a preventive measure against the coronavirus disease (COVID-19) spread, walk outside the Constitucion railway station, in Buenos Aires, Argentina on April 1, 2020. (Photo: Agencies)

The World Bank on Thursday approved a loan worth $35 million to help Argentina contain the novel coronavirus epidemic.

The World Bank and the Argentinian government said in a joint statement that the loan will be used to purchase medical supplies for early detection of infections and treatment of the disease, which can lead to pneumonia.

The loan is part of a larger $14 billion package the bank has made available to help countries mitigate the impact of the pandemic.

"With these resources, we will continue to strengthen the response level of our health system, supporting the provinces by delivering medical equipment to achieve equal access (to healthcare) for all Argentines," Health Minister Gines Gonzalez Garcia said.

The loan is to be paid back over 32 years, with a seven-year grace period.

Jordan Schwartz, the bank's director for Argentina, Paraguay and Uruguay, said the agency was working to help Argentina limit the social and economic impacts of the pandemic.

Argentina has reported 1,133 cases of COVID-19 with 34 deaths, according to the latest report from the Health Ministry.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue