With CABEI support, more than 6,000 children will benefit from the construction of shelters in Argentina's 24 jurisdictions

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Through a US$25 million grant, transitional permanency spaces will be created in each of the country's jurisdictions, benefiting more than 6,000 children per year.

Buenos Aires, November 1st 2022.- With the purpose of supporting the population that requires prolonged medical treatments and who live far from hospitals; the Central American Bank for Economic Integration (CABEI) approved US$25 million to Argentina for the "Casa Amor" Construction Plan Support Program that will allow patients to attend their diagnostic and treatment appointments.

The initiative contemplates the construction and equipping of a temporary shelter with universal design for each of the 24 jurisdictions that make up the country, estimating annual support for 6,156 minors.

"Access to health systems is fundamental to guarantee the quality of life of populations, which is why we are pleased to announce this new support for Argentina; its implementation will provide greater accessibility and security to hundreds of minors who are going through difficult times and require prolonged treatment," highlighted CABEI Executive President Dr. Dante Mossi.

For his part, Felipe Solá, CABEI Director for Argentina, commented: "Because of the hospitality and containment it will provide to the people most in need of support, for themselves and/or their family, the project will become a pilot program that will provide much key information for the success of possible future large-scale programs of this nature."

This approval was made within the framework of the inauguration of the multilateral development institution's representative office in Buenos Aires, where the Board of Directors meeting was held, and is in addition to the nine initiatives supported by the Bank in the country, such as the Expansion and Coverage of Health, Care for the Elderly, Digital Transformation of Argentine SMEs, Post-Emergency Rural Recovery and Development, and Protection Actions against Gender-Based Violence, among others.

The financing terms are established for a 20-year term, including a five-year grace period and an indicative annual interest rate of 5.7%.