IDB Approves $10 Billion Mega-Package to Propel Argentina’s Economic Transformation

Buenos Aires, Argentina – In a resounding endorsement of President Javier Milei’s visionary economic plan, the Inter-American Development Bank (IDB) has approved a monumental financial package totaling USD 10 billion for Argentina. This landmark “Country Strategy 2025-2028” represents a collaborative roadmap meticulously designed with the Argentine government to consolidate the nation’s profound economic transformation. The substantial funding, strategically slated for disbursement between 2025 and 2028, is firmly anchored on three pivotal pillars: unwavering fiscal balance, strategic economic openness, and robust social protection.

The comprehensive USD 10 billion package is judiciously divided to maximize impact: an impressive USD 7 billion will be allocated to the public sector, providing critical support for essential state policies, while USD 3 billion will be channeled through BID Invest, specifically earmarked to stimulate and invigorate private investment across the country. This dual approach underscores the government’s commitment to both responsible public management and dynamic private sector growth.

The agreement’s three core pillars are designed to revolutionize Argentina’s economy:

• Fiscal Reform: This pillar focuses on dramatically improving spending efficiency, strengthening revenue collection mechanisms, and ensuring long-term fiscal sustainability.
• Economic Openness: Committed to market liberalization, this pillar will drive crucial regulatory reforms and actively promote strategic sectors to foster a competitive and dynamic economy.
• Social Protection: This vital pillar prioritizes combating poverty and enhancing critical social services, including health, education, urban infrastructure, and security, ensuring that the benefits of economic transformation reach all Argentinians.

Both the IDB and the Argentine government have expressed profound support for this transformative agreement. Viviana Alva-Hart, the IDB representative in Argentina, underscored the bank’s unwavering commitment to private sector-led economic growth that delivers positive and sustained social impact. Concurrently, Argentina’s Secretary of Finance, Pablo Quirno, affirmed that the approval stands as a clear endorsement of the government’s top priorities: achieving fiscal balance, fostering economic openness, and strengthening national institutions. This substantial aid from the IDB is an integral component of a larger, comprehensive international financing package, totaling an impressive USD 32 billion. This broader package also includes crucial agreements with the International Monetary Fund (IMF) and the World Bank, alongside a REPO from the Central Bank of Argentina (BCRA), all strategically aimed at significantly boosting Argentina’s gross reserves and solidifying its economic future.