Argentina currently has a portfolio of 22 investment projects with US$ 5.7 billion in committed loans and five grants from the Global Environment Facility (GEF) for US$ 32.8 million. The portfolio concentrates on programs in health, environment, education, infrastructure, the labor market and social protection.
In the framework of the new strategy, approved projects include the following: the second Project to Improve Rural Education (US$ 250 million), which will benefit more than one million students and teachers in rural areas; Support to Youth Employment (US$ 425 million), which promotes the employment of some 540,000 vulnerable youth; Renewable Energy for Rural Areas (PERMER II, US$ 200 million), which works to expand access of isolated rural populations to alternative energy; and, Native Forests and Community Project (US$ 58.7 million), which supports sustainable forest management in the Gran Chaco zone.
In the northern provinces of Catamarca, Chaco, Corrientes, Formosa, Jujuy, Misiones, Salta, Tucumán and Santiago del Estero, a region that is home to 7.5 million people, the World Bank has provided US$ 800 million for water and road infrastructure projects that form part of the National Government’s Norte Grande Development Program.
Social safety nets are the focus of a US$ 480 million loan for the Basic Social Protection Plan, which aims to increase the effectiveness of Argentina's conditional cash transfer programs for the unemployed and families with children under age 18: the Training and Employment Insurance (SCE) and family allowances, including the Universal Child Allowance.
Health care is supported by the US$ 400 million Plan Sumar to improve access to health services for the nearly 70% of the population without health insurance, with an emphasis on children, adolescents and low-income women through conditional cash transfers. Moreover, the Basic Public Health Functions Project (US$ 461 million) includes seven health programs to address chronic diseases, safe blood and HIV/AIDS, among others.
In the environmental area, the Matanza-Riachuelo Basin Sustainable Development Project provides US$ 718 million in assistance to clean up the river basin by improving sewage services and expanding water treatment capacity.
The Program to Promote Productive Innovation seeks to improve Argentina's knowledge industry by supporting highly skilled human capital and knowledge-based enterprises.
Throughout the country, some 70,000 small and medium-scale farmers—one-third of all farmers— are benefiting from initiatives such as the Second Provincial Agricultural Development Project (PROSAP), which provides US$ 300 million in assistance to support new public infrastructure and investment in services in rural areas.
Finally, the US$ 30 million Road Safety Project has reduced the rate of traffic injuries and fatalities by strengthening the country's institutional framework and road safety management system.
Last Updated: Apr 09, 2014