IDB Group Ready to Significantly Increase Operations in Argentina Over the Next 15 Months

WASHINGTON - The Inter-American Development Bank Group (IDB Group) is working to significantly expand its operations in Argentina over the next 15 months to increase its support for the country.

This support combines sovereign financing with private sector investments and mobilization, strengthening the role of IDB Invest, the Group's private sector arm, and IDB Lab, its innovation and venture capital laboratory. This comprehensive approach aligns with the Country Strategy approved by the Executive Board in mid-July of this year.

The financing package outlined in the Strategy focuses on key development priorities for Argentina, including fiscal consolidation, boosting competitiveness, infrastructure modernization and promoting private investment.

The IDB Group expects to close this year with five new public sector operations approved, totaling $2.9 billion, aimed at supporting structural reforms. These programs are complemented by an additional $1 billion channeled through IDB Invest, targeting strategic sectors such as energy, critical minerals, connectivity, healthcare services, and Small and Medium-sized Enterprise (SME) financing through financial institutions. Currently, IDB Invest's portfolio in Argentina is the largest in the entire region. Within the framework of the IMF program and in line with its Country Strategy, the IDB Group is supporting Argentina with a financing package of up to US$10 billion for the next three years.