The World Bank assured in a meeting with President Javier Milei and the Minister of Economy, Luis "Toto" Caputo, that the entity will provide a "significant support package" aimed at strengthening the Central Bank's reserves, within the framework of negotiations with the International Monetary Fund (IMF).
This was reported by Ajay Banga, head of the World Bank, an organization linked to the IMF, to the Milei Government during a meeting held this noon at the Casa Rosada, before the President and the head of Economy embark on their trip to the United States.
According to a statement from the Presidency, the international financial institution is "working closely with President Milei and his team to support his ambitious reform agenda".
"As a short-term demonstration of that commitment, we are preparing a significant support package that brings together all the strength of the World Bank Group to support the reforms, attract private investments, and lay the foundations for job creation", the statement added.
In this line, Banga pointed out, according to the official document, that progress is being made in coordination with the Argentine economic team, the IMF, and the Inter-American Development Bank (IDB) to ensure that "the support is aligned, effective, and sends a strong signal of international confidence in Argentina's future".
