Argentina currently has a portfolio of 20 projects totaling US$4.9 billion in credits and four important GEF donations of US$28.6 million. The World Bank's involvement includes a wide array of projects in areas such as environment, health, education, infrastructure, social protection and labor, among others.
The provinces of Catamarca, Chaco, Corrientes, Formosa, Jujuy, Salta, Tucumán and Santiago del Estero, which as a group are home to 7.5 million people, receive the support of the Norte Grande National Development Program, including World Bank financing of US$800 million for a Water Project and a Road Project.
Social safety nets are the focus of a financing of US$480 million for the Basic Protection Project, which aims to increase the effectiveness of Argentina's income transfer programs for the unemployed and families with children, including the Universal Child Allowance.
The Provincial Public Health Insurance Development Project (US$400 million) will improve access to health coverage for 70% of people without health insurance. This initiative complements Plan Nacer, which emphasizes performance based transfers in Argentina's health system, with immediate attention to the health needs of poor mothers and children. Finally, the Essential Public Health Functions project (U$461 million) focuses on seven health programs including chronic diseases, safe blood, HIV and others.
In the environmental area, the Matanza-Riachuelo Basin Sustainable Development Project provides $840 million in assistance to clean up the notoriously polluted river basin by improving sewage services and expanding treatment capacity.
In the City of Buenos Aires, the Bank supports the main hydraulic works, through the Urban Flood Prevention and Drainage Project (US$130 million), which has improved the ability of Arroyo Maldonado drainage system to prevent flooding in several neighborhoods of the city.
The Program to Promote Productive Innovation seeks to improve Argentina's knowledge industry by supporting highly skilled human capital and new knowledge-based enterprises.
Around 70,000 small and medium producers —over one third of the total number— 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 services investment in rural areas.
Road systems feature prominently in the World Bank's Argentina portfolio. A US$150 million plan dubbed Provincial Road Infratructure supports road investment programs at the provincial level in Chubut, Corrientes, Cordoba, Entre Ríos, Neuquén and Santa Fe. The project will rehabilitate and maintain some 2,200 km of road through CREMA contracts; rehabilitate and/or pave 270 km through traditional admeasurements contracts; and develop a routine maintenance program for some 9,400 km.
Additionally, the US$30 million Road Safety Project has reduced the rate of injuries and fatalities in traffic accidents by strengthening the country's institutional framework and management capacity of road safety.
Last Updated: Apr 09, 2014