• It should be noted that, although the World Bank has a lower percentage of projects approved and under preparation than the IDB, the total amounts are slightly higher. And if we take into account what was said earlier regarding IDB projects that actually represent a reallocation of funds, it is clear that in the selected period the World Bank is the institution that has committed the largest financing amounts to Argentina. • Another striking fact that emerges from the table is that the CABEI, with 10% of the total, is positioned in third place as regards the highest percentage of projects approved or under preparation for the selected period. Although it is far from both the IDB and the World Bank in number of projects, it is striking that it is positioned above regional institutions such as CAF or FONPLATA, which generally have a broader portfolio of projects with the country, especially CAF. Additionally, CABEI is not considered one of the main funders of development projects for Argentina. • Projects approved and under preparation correspond to a wide variety of sectors, although the sectors of Health4 (24%; 11 projects), Transport5, Law & Government6 and Social Protection7 (13%; 6 projects each) and Financial Markets8 (11%; 5 projects) prevail. PROJECTS BY SECTOR LAW AND GOVERNMENT / MODERNIZATION OF THE STATE CLIMATE & ENVIROMENT / MITIGATION 11% GENDER WATER AND SANITATION 2% 7% 4% SCIENCE AND TECHNOLOGY 6% INFRASTRUCTURE FINANCIAL MARKETS 2% 11% AGRICULTURE AND RURAL DEVELOPMENT / FORESTRY 7% TRANSPORT 13% SOCIAL INVESTMENT / SOCIAL PROTECTION 13% HEALTH 24% Source: own chart. 4. The Health Sector includes projects related to: Health Facilities and Construction; Health Systems and Policies; Health System Strengthening; Health Service Delivery, and Public Administration Health, among others. 5. The Transport Sector includes projects related to: Urban Transport; Railroads; Aviation, and Ports, among others. 6. The Law & Government/Modernization of the State Sector includes projects related to: Rule of Law; Public Administration; Subnational government; Public Finance Management; Transparency, Accountability and Good Governance; Central Government Agencies; Institutional Strengthening, and Capacity Building, among others. 7. The Social Protection Sector includes projects related to: Social Inclusion; Social Protection Delivery Systems; Participation and Civic Engagement; Disability, and Social Safety Nets, among others. 8. The Financial Markets Sector includes projects related to: Capital Markets; Banking Institutions; Financial Sector Integrity; Financial Stability; Regulation & Restructuring, and Financial Infrastructure, among others. 13 DFIs FINANCING IN ARGENTINA DURING THE PANDEMIC: COVID-19 PROJECTS AND TRANSPARENCY SHORTCOMINGS

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