Supporting the country in the creation of long-term private financing sources. The WBG supports fiscal consolidation and the strengthening of market institutions such as competition, trade and investment frameworks , promote productivity-led growth and an increase in exports. The development of a nascent local capital market and the mobilization of financing for key investments are also strategic priorities, together with the strengthening of the social safety net.
Contributing to improving public sector management and service provision. Enhancing the efficiency of public administration is another key area of the strategy. It will do so by seeking to strengthen inter-jurisdictional coordination with the goal of improving basic public service delivery such as water and sanitation. Moreover, it prioritizes the education sector, with the aim of improving learning outcomes in secondary education and skills building capacity to enter the labor market.
It continues also to support the implementation of a universal healthcare coverage system in the provinces. In terms of climate change, the CPF supports the transition to a low carbon economy, increasing electricity generation from renewable sources and promoting the adoption of climate smart agricultural practices.
At the urban level, it seeks to increase urban resiliency by promoting the use of electric buses. Argentina has an active portfolio of 24 investment projects with USS7. The portfolio focuses on supporting programs in the areas of health, environment, education, infrastructure, labor market and social protection.
Between and , the World Bank Board of Directors approved several projects, among which are:. The development of renewable energy in Argentina is key to diversify the energy matrix and contribute to climate change mitigation. Metals and minerals mined include borate, copper, lead, magnesium, sulfur, tungsten, uranium, zinc, silver, titanium, and gold, whose production was boosted after Leading sectors by production value are: Food processing and beverages; motor vehicles and auto parts ; refinery products, and biodiesel; chemicals and pharmaceuticals; steel andaluminium; and industrial and farm machinery; electronics and home appliances.
Argentina enjoys a diversified service sector, which includes well-developed social, corporate, financial, insurance, real estate, transport, communication services, and tourism. Around 5. This section contains economy and business opportunities and from Argentina. GT E-Special. Search Tenders. Tender Microsites. Popular Sectors. Popular Services. Popular MFA. Argentina has reported over 40, confirmed deaths from Covid With the right stewardship, however, Argentina is expected to report positive growth in and So far, has been a tough year for Argentina.
But, President Fernandez has a chance to implement reforms to create opportunities for renewed investment, job creation and economic growth. Nathaniel Parish Flannery: Is this economic crunch worse than other recent macroeconomic emergencies in Argentina?
How worried do foreign investors need to be about this current crisis? Jimena Blanco: The one certainty about the Argentine economy in is that it's heading for the largest single-year contraction ever — and that says a lot given the country's long history of economic downturns.
Indeed, could result in four lost decades in one year, and this is making foreign investors quite jittery.
The pandemic hit economies the world over, but Argentina is closing a decade of stagflation in - with at least two deep recessions during this period.
The expected pronounced contraction this year threatens to take GDP per capita back to levels. Unlike regional peers in South America, Argentina had no savings to fall back on during the pandemic. I think that, in economic terms, the government's imposition of a quarantine for more than eight months was like trying to put out a fire with kerosene. The expansion of the fiscal deficit during and the risk of further FX volatility in early in the financial and black markets mean that the renegotiation with the IMF will be a difficult one in And with the government quickly running out of policy levers, foreign investors are becoming increasingly concerned with more policy announcements that impact their operations.
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