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"Backstop" lending for capital market development in Argentina (Inglés)

This Note discusses the Argentine Capital Market Development loan, approved by the World Bank's executive directors in March 1994. The Bank provides a US$500 million loan to the Argentine Republic, which in turn has a subsidiary loan agreement with the newly created Backstop Fund. Banks that meet established standards of credit to participate will be required to demonstrate that their pool of term loans meeting certain qualifying criteria grows by...
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