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19 de julio 2002 - 00:00

Argentina: World Bank Continues Support

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The Bank expects disbursements could reach US$150 million over the next three months. This reflects a return to normal implementation conditions that were hampered by the imposition of the freeze of deposits at the end of 2001.

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While the International Monetary Fund (IMF) and Argentine authorities work to reach an agreement, there are encouraging improvements in the implementation of the Bank's on-going portfolio of investment loans. The undisbursed portions of these loans total almost US$ 1.3 billion, including the $100 million recently redirected to finance critical social emergency programs in health, education and community food programs.

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