Argentina receives $ 35 million from the World Bank

It is part of a package of up to $ 14 billion in immediate support from the World Bank for countries that must face the impacts of the pandemic

The World Bank Board of Directors approved an emergency loan for US $ 35 million to support the efforts of the Argentine government to strengthen the health systems and combat the coronavirus pandemic, an amount with which supplies and medical equipment will be purchased.

The agency reported on Thursday that the financing is part of a package of up to $ 14 billion in immediate support from the World Bank for countries that must face the health and economic impacts of this global pandemic..

The financing of the Urgent Response Project to COVID-19 is variable margin, repayable in 32 years and has a grace period of 7 years.

The project supports the implementation of the comprehensive plan for preparedness and response to COVID-19, in particular the provision of specific supplies and logistical support to the health system, including adequate treatment to minimize morbidity and mortality.

In statements cited by the World Bank, the Health Minister, Ginés González García, specified that “with these resources the quality of the health system’s response will be strengthened, supporting the provinces with the delivery of medical equipment to achieve equity in access for all Argentines. “

In this case, The funds will be used to improve the infrastructure of the laboratories to ensure early detection and the location and traceability of cases..

The acquisition of medical supplies and equipment for the protection of health personnel is also planned, as well as the improvement and expansion of intensive care services.

“We work quickly so that Argentina can count on the resources it needs to strengthen its health response capacity and thus limit the social and economic impacts of this pandemic.” Said Jordan Schwartz, Director of the World Bank for Argentina, Paraguay and Uruguay.

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