The World Bank Group approved financing guarantees for Argentina.

On the 16th, the World Bank Group approved a guarantee financing plan to help Argentina obtain a $2 billion commercial loan and facilitate its return to the international capital markets. The World Bank Group stated in a release that the plan includes two guarantees - one from the International Development Bank for policy and another from a multinational investment guarantee agency. The plan can support up to $2 billion in commercial loans, helping Argentina reduce financing costs and strengthen public debt management. Analysts point out that with the World Bank Group's guarantee, Argentina is expected to return to the international capital markets in the third quarter of this year by issuing sovereign bonds.