Under its new strategy, the Inter-American Development Bank will be promoting economic development, inclusive growth and urban sustainability in Argentina.
The approved $6 billion strategy will cover the period 2012-2015. The focus will be on the country’s North Grande region and Greater Buenos Aires area, where social exclusion and poverty remain a challenge.
The bank targets to alleviate obstacles to North Grande’s social and economic growth. To do this, it will introduce improvements in the areas of transportation and logistics, energy transmission, rural electrification, and irrigation. It will also promote private sector development, and invest in the region’s education and health sectors.
To promote social and economic inclusion, meanwhile, IDB will support activities that strengthen policies on gender, education, health and basic sanitation in both regions. The bank will also continue to support the government in providing education, health and youth development services.
As for urban sustainability and habitat improvement, the bank will focus on the Greater Buenos Aires area. It will focus on boosting the coverage of water, sanitation and solid waste service delivery. It will also provide technical assistance and support to public policies to “create a framework of incentives favoring efficient service delivery.”
Support, in the form of investment loans, will come from the private sector windows of the IDB. Funding will be coursed through companies or projects focusing on agribusiness, energy efficiency, ports, education and health, among others.
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About the author
Jenny Lei Ravelo@JennyLeiRavelo
Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.
