CABEI disburses resources to the "Argentina against Hunger" Plan to assist 2.4 million families
A disbursement of US$395.0 million, of the US$400 million approved by the multilateral, will support the "Argentina Against Hunger Plan (PACH for its Spanish name)".
Buenos Aires, March 20th, 2023. - Within theframework of the "Support Program for the National "Argentina against Hunger (PACH for its Spanish name) Plan”, the Central American Bank for Economic Integration (CABEI) disbursed 99.5% of the resources of said operation on Monday, with the objective of accelerating food assistance actions for the benefit of 2.4 million Argentine families from the country's 24 jurisdictions in a situation of social vulnerability.
"As the Development Bank that looks after the welfare of the most disadvantaged, we are pleased to be making this disbursement in an expeditious manner to ensure the resources for this important social program that guarantees the right to food for those who need it most at this time, including many children, adolescents, pregnant women and/or people with disabilities," said CABEI Executive President, Dr. Dante Mossi.
This operation, approved in March of this year, is CABEI's second financial support to PACH; the first was in November 2022 with US$50 million in financing, which was disbursed in December of the same year.
This is in addition to other investments that are being developed with multilateral support, such as the Expansion and Coverage of Health, Care for the Elderly, Digital Transformation of Argentine SMEs, Post-Emergency Rural Recovery and Development, and Actions to Protect against Gender-Based Violence, among others.