World Bank plans 2 billion dollar Argentina debt guarantee

The World Bank is preparing a 2 billion dollar guarantee to help Argentina refinance debt. This move aims to lower borrowing costs for the South American nation.

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The World Bank Group has announced it is developing a financial guarantee package valued at up to $2 billion. This initiative is designed to support Argentina as the nation seeks to refinance a substantial segment of its sovereign debt.

"The World Bank Group is working on a guarantee of up to $2 billion to help refinance a relevant portion of Argentina’s debt."
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