An additional $ 1 billion from the World Bank for social plans arrives

CORDOBA. The first part of a $ 1 billion disbursement from the World Bank will arrive in late May or early June to support ongoing plans in the most vulnerable sectors, such as the World Bank. universal child benefit and scholarships. , in addition to the social rate in public services. The resources go to the national government, although the institution also collaborates with the administration of Buenos Aires for the absorption of the social rate payment.

Data were confirmed at
THE NATION Jesko Hentschel, Director of the World Bank for

Argentina

, Paraguay and

Uruguay

who participated in

Córdoba

the presentation of a work prepared by the Stock Exchange.

He stressed that Argentina "had no other choice" than to resort to the International Monetary Fund (

MFIs

) and that, after the monetary and fiscal policies implemented since October, the volatility of the dollar "has been reduced".

"The band has reduced volatility, but many other factors have an impact, the lack of confidence in the peso and, when people can, they turn to the dollar," he added, "rules and long-term policies help build confidence. " In his view, the combination of ongoing measures constitutes the "appropriate framework", to which is added the government's "pro-competitive" policy.

He ratified what the
The World Bank report released yesterday indicates that adjustment has a high cost in terms of activity; the projection for this year of the body is a decline in activity of about 1.7%.

Hentschel warned that the activity floor would have been registered in December and January. "The situation will improve in the coming months, but the closing will be low," he said, acknowledging the "concern" for the most vulnerable sectors, taking into account the fact that the real income had "lost 17% against inflation" and that there were workers. formal ones who have arrived at informality.

"The data on poverty are cyclical, they go hand in hand with growth." In structural terms, for example, education lasts on average 13.1 years, but its effectiveness is 8.9 years. and there is development, the improvement of education is crucial, "he said.

He described as "very timely" the AUH program (in which the World Bank is collaborating) and that, according to the estimates of the entity, focuses on the children of the poorest 40% of the population; He also highlighted the scholarship programs so that "in this phase of crisis, there is no abandonment and non-contributory insurance guaranteeing access to services, such as Addition for health. " transportation subsidies of the most delayed population.