• The 40 projects approved or under preparation represent a total amount of USD 4,879 million.
That is, approximately USD 4.8 billion. However, it should be noted that, from the particular
analysis of some projects, it could be seen that some of them actually contemplate the
reallocation of funds from other, previously approved projects, so they would not imply an
increase in external financing. In particular, two of the projects with the highest amount of
financing from the IDB would follow this logic, for example: Immediate Public Health Response
Project in the context of the COVID-19 Pandemic to contain, control and mitigate its effect on
the provision of health services in Argentina (USD 470 million)2 and Global Credit Program for
Reactivation of the Productive Sector (USD 500 million).3
FINANCIAL
INSTITUTION
NUMBER OF
PROJECTS
%
AMOUNT IN USD
MILLIONS
%
IDB
19
48%
2060
42%
WORLD BANK
12
30%
2342
48%
CAF
1
3%
40
1%
FONPLATA
2
5%
55
1%
CABEI
4
10%
200
4%
GCF
1
3%
82
2%
IDB Invest
0
0%
0
0%
IFC
1
3%
100
2%
FMO
0
0%
0
0%
US DFC
0
0%
0
0%
EIB
0
0%
0
0%
TOTAL
40
100%
4879
100%
Source: own table.
• In the previous table the significance can be appreciated of the IDB and the World Bank
when it comes to financing projects in Argentina. For the period analyzed, 78% of the projects
approved or under preparation correspond to those two institutions, which account for 90% of
the total amounts.
2. Argentina asked the Bank to redirect USD 490 million available under the “Flexible Risk Mitigation Facility” (FFMR) (AR-O0009) of the
“Support Program for the Financing of Productive Infrastructure in Argentina” to finance actions that contribute to responding to the health
emergency produced by COVID-19.
3. Project AR-L1328 consists of an investment loan originating in pending disbursements and uncommitted balances of nine investment loan
operations approved by the IDB for Argentina and corresponding to different sectors and areas, including Transport, Water and Sanitation, and
Science and Technology, among others:
-Norte Grande Provinces Development Program: Water and Sanitation Infrastructure (AR-L1136)
-Municipal Investment Program (AR-L1148);
-Competitiveness Program for Regional Economies (AR-L1154);
-Science and Technology Scholarship Program (AR-L1156);
-Development Program for Metropolitan Areas Outside the Capital II (AR-L1243);
-Program to Support the National Early Childhood Plan and the Policy for Universalization of Early Childhood Education – Ministry of Social
Development and Ministry of Education (AR-L1254);
-Program to Support Productive Infrastructure Financing in Argentina (AR-L1281);
-Program to Enhance the Management Capacity of the Federal Administration of Public Revenue – AFIP (AR-L1282);
-Agua Negra Pass International Tunnel Structuring Program – PETAN (RG-L1074)
12
DFIs FINANCING IN ARGENTINA DURING THE PANDEMIC:
COVID-19 PROJECTS AND TRANSPARENCY SHORTCOMINGS