March 25, 2020 / 3:14 PM / in 8 days

Argentina strikes $300 mln deal with World Bank amid coronavirus crisis

BUENOS AIRES, March 25 (Reuters) - Argentina has agreed a $300 million financing deal with World Bank to help strengthen the country’s social safety net and protect sectors hardest hit by a global crisis amid a coronavirus pandemic, the government said on Wednesday.

The global organization will extend the amount in two disbursements, the first in 2020 for $165 million and the second in 2021 for $135 million, the Argentine government added in the statement. (Reporting by Adam Jourdan)

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