The World Bank ratified its decision to disburse loans for $2 billion this year in the country to develop infrastructure, social protection, health, employment and climate change works. In February, $420 million already approved; $300 million to improve Buenos Aires' water infrastructure and another $120 million for social housing construction.
After a decline in February, the industry started March with an annual growth rate of 1.6%. The data came from a report of the Center of Studies for Production (CEP XXI) based on energy consumption between the 4th and 17th of March. The oil and automobile sectors showed significant upturns.
Four business associations of the forestry sector have joined together in a new association (Confiar), with the primary objective of cooperating on sectoral issues on behalf of the entire forestry-industrial chain. The sector groups together 1.3 million hectares of forest plantations, 53 million hectares of native forests; exports for $550 million; 100,000 direct jobs; and 6,000 small and medium-sized companies of different wood processing levels.
While Minister Martín Guzmán is seeking in Washington this week to convince the International Monetary Fund (IMF) to reach an agreement for the $44 billion super loans granted to the country in 2018, the portfolio he heads raised 32.2 billion pesos in a new tender of three peso bills ($1.11 bn). The Treasury, which carries accumulated additional financing of 92.35 billion pesos ($1.01 bn).
In February, the public sector accounts had a negative balance of 18,76 billion pesos ($204.84 mn). If the fiscal deficit includes debt interest payments, it reaches 64,317 million pesos ($702.38 mn). The number became negative in real terms, i.e. taking into account the impact of inflation, even though there was a cut in social items, which decreased by more than 5% in one year.