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Argentina Gets $42 Billion Aid From IMF, World Bank, IDB

13 April 20251 min read
INTERNATIONAL AFFAIRSArgentina Gets$42 Billion AidFrom IMF, WorldBank, IDB13 April 2025safalsetu.com

Why in the news

Three international financial institutions announced a combined support package for Argentina on a Friday, giving the government fresh backing for its economic plans.

Key facts

  • Total pledged: $42 billion.
  • IMF: approved a $20 billion bailout.
  • World Bank: offered $12 billion.
  • Inter-American Development Bank (IDB): committed $10 billion.
InstitutionAmount
IMF$20 billion
World Bank$12 billion
IDB$10 billion
Total$42 billion

Significance

  • President Javier Milei praised the help.
  • The stated goal is steadying the peso and lifting growth.

Exam angle

  • Recipient country and leader: Argentina, Javier Milei.
  • Largest share: IMF with $20 billion.
  • Check the sum: 20 + 12 + 10 = 42 billion dollars.

Test yourself

1. How much did the IMF approve as a bailout for Argentina?

The IMF approved $20 billion; World Bank $12 billion and IDB $10 billion.

2. Who is the President of Argentina who welcomed the $42 billion support?

Javier Milei hailed the support to stabilise the peso.

3. Which institution committed $10 billion to Argentina?

The Inter-American Development Bank committed $10 billion.

This topic is part of Daily Current Affairs 13 April 2025 (13 topics).

All topics of the dayDay quizApril 2025

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