• IFC: 1 project under implementation.
• FMO: 0 projects.
• US DFC: 0 projects.
• EIB: 0 projects.
% OF PROJECTS BY DFI
GCF
CABEI
FONPLATA
10%
IFC
3% 3%
5%
CAF
US DFC
2%
0%
IDB
47%
WORLD BANK
30%
EIB
0%
IDB INVEST
0%
FMO
0%
Source: own chart.
• The borrower of 39 of the 40 projects approved or proposed in Argentina is the Argentine
government, while only 1 corresponds to a private IFC client: ADECO Agropecuaria SA.
• Regarding the type of projects, although many of them could not be identified on the basis of
the little or no information provided by some institutions or the national government itself, it
is clear that Loan Operations and Technical Cooperation (TC) prevail above all. Of the total,
approximately 45% (18 projects) correspond to Loan Operations and 22.5% (9 projects) to TC.
However, it is likely that most of the projects whose type of operation is listed as “Undefined”
or “N/A” (11 projects), as such information is not publicly available, correspond to one of those
two types. This lack of information represents an important limitation to fully understanding
the type of projects that DFIs are financing in the context of the pandemic.
• Regarding the Environmental and Social Impact Category, it should be noted that none of
the 40 projects has an “A” or “High Risk” impact category; and only 1 World Bank project was
categorized as of “Substantial Risk.” The rest of the projects were categorized with social
impact “B” (9 projects), “C” (11 projects) or “Moderate Risk” (3 projects), although in several
cases (14 projects) the categorization of the project was not clarified. Finally, 2 projects were
categorized as B13, that is, they correspond to Financial Intermediaries.
11
DFIs FINANCING IN ARGENTINA DURING THE PANDEMIC:
COVID-19 PROJECTS AND TRANSPARENCY SHORTCOMINGS