Argentina is poised to receive up to $4 billion in accelerated support from the World Bank, following a meeting between President Javier Milei and former U.S. President Donald Trump. The funding, announced by Argentina’s Minister of Economy Luis Andrés Caputo, aims to bolster the contry’s economic reforms and long-term growth agenda amidst a period of notable economic restructuring under the new Milei management.
The World Bank’s accelerated support package combines public sector financing with private sector investment and mobilization, focusing on key sectors including mining, tourism, energy access, and strengthening supply chains and small and medium enterprises. While the operations require approval from the World Bank Executive Directors Board, Caputo described the prospect as “exciting,” signaling a potential turning point for Argentina’s economic outlook.
Caputo announced the advancement on his X account, stating the World Bank Group would deploy up to US $4,000 million in the coming months. “The World Bank Group announced today that it is indeed accelerating support to argentina, combining public sector financing with investment and mobilization of the private sector to deploy up to US $ 4,000 million in the coming months in support of the country’s reform path and its long -term growth agenda,” he wrote.
Details regarding the specific type of support remain limited, with facts scarce even compared to what the US Treasury shared with the argentine government, according to initial reports.
The announcement follows a meeting between Milei and Trump,which Caputo also described as “exciting.”
With information from Federico Jofre, Max Saltman and Billy Stockwell, from CNN.
