Program to Support the Equity and Effectiveness of the Social Safety Net in Argentina -Phase II (IADB-AR-L1309)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 19, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Argentina
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 600.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 600.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Aug 25, 2019


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Project Description

The general objective of the program is to help make social safety net programs in Argentina sustainable and more effective. Specifically, the program seeks to: (i) ensure the sustainability of cash transfer programs aimed at the vulnerable population in the context of the targets agreed upon by the Argentine government and the International Monetary Fund; (ii) foster progression and continuity in education, as well as comprehensive vocational training for transfer beneficiaries; (iii) improve the distributive efficiency of subsidies on public transportation services; and (iv) enhance the efficiency of social safety net programs through better management of the data generated during program execution.

Investment Description
  • Inter-American Development Bank (IADB)

This operation is the second phase of a multiphase investment loan for an aggregate amount of US$1.5billion. This secondphase is for a loan amount of US$600million to be disbursed over three years, without any local contribution or cofinancing by other lending institutions.

Contact Information

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).