The World Bank announced that it would lend the country $2 bn this year

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.

Forestry industry entities join together in a new institution: Confiar

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.

The government raised $1.11 bn in local currency bond offerings

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).

The public deficit in February reached $204.84 mn

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.