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Ibero-American Summit Backs World Bank’s Recapitalization2 days ago
Contacts in Washington, DC: Sergio Jellinek +1(202) 294-6232 sjellinek@worldbank.org Ana Elisa Luna +1(202) 473-2907 alunabarros@worldbank.org Estoril, Portugal, December 1, 2009 – The Heads of State and Government of Ibero-America, gathered for the 19 th Ibero-American Summit, expressed their support for the work carried out by the World Bank (WB) and the Inter-American Development Bank (IDB) in Latin America and the Caribbean, while at the same time they proposed increasing their capital in order to handle the region’s growing demand for financial assistance. In a special press release, Ibero-American leaders indicate that they “support a substantial increase to the IDB’s and World Bank’s capital to ensure that they have sufficient resources to fulfill their mandates with regards to development financing.” The World Bank tripled its financial commitment to Latin America and the ...
Argentina Supports World Bank’s Capital Increase28 days ago
Contacts: In Argentina: Yanina Budkin ybudkin@worldbank.org 011-4316-9724 In Washington: Sergio Jellinek sjellinek@worldbank.org +1(202) 458-2841 BUENOS AIRES, November 5, 2009. Closing a four-day visit to Argentina, the World Bank Vice-president for Latin America and the Caribbean, Pamela Cox, expressed the multilateral institution’s support for the Argentine government’s efforts in social areas and investments in public works and infrastructure, as a way to strengthen the country’s prospects in the post global economic crisis scenario. After a meeting with Cristina Fernandez de Kirchner, the head of state of Argentina made clear her support for a capital increase of multilateral development organizations active in the region, among them the World Bank (WB), that would allow them to continue providing the financial resources needed by Latin American countries to consolidate their ...
The project Urban Transport in Metropolitan Areas has changed to Active35 days ago
The project Urban Transport in Metropolitan Areas has changed to Active. To see more information, see the project information in the World Bank project database The objective of the Metropolitan Areas Urban Transport Project is to improve the quality and sustainability of urban transport systems in Argentine metropolitan areas, through the improvement of sectoral decision making frameworks and by giving priority to public transport modes in the urban transport sector. There are five components to the project, the first component being creation of a Metropolitan Transport Agency (MTA) for the Buenos Aires metropolitan area. The objective of this component is to strengthen the capacity for transportation planning and management at the metropolitan level. This component will prepare the legal, technical, financial, and institutional conditions for the creation of a MTA. The second component is the urban transport improvements in Argentina's medium size metropolitan areas. The ...
Argentina: PTUMA – Metropolitan Areas Urban Transport Project44 days ago
WASHINGTON, October 20, 2009 - The World Bank’s Board of Executive Directors today approved the following project: Argentina: PTUMA – Metropolitan Areas Urban Transport Project IBRD Loan : US$150 million Terms: Maturity = 30 years; Grace Period = 5 years Project ID: P095485 Project Description: The objective of the Metropolitan Areas Urban Transport Project in Argentina is to improve the quality and sustainability of urban transport systems in Argentine metropolitan areas. By the creation of a Metropolitan Transport Agency (MTA) for the Buenos Aires metropolitan area, the capacity for transportation planning and management at the metropolitan level will be strengthened. The urban transport improvements in Argentina's medium-size metropolitan areas will addresses issues such as the underinvestment in road maintenance and road infrastructure, ...
World Bank: Argentina receives US$150 million for innovative project to enhance urban transport44 days ago
Contacts: In Buenos Aires : Yanina Budkin (54-11) 4316-9724 ybudkin@worldbank.org In Washington : Gabriela Aguilar (202) 473-6768 gaguilar2@worldbank.org Washington DC, October 20, 2009.- The Board of Directors of the World Bank today approved a loan for US$150 million in support of the Metropolitan Areas Urban Transport Project (PTUMA) to improve the quality and sustainability of urban transport systems in Argentine Metropolitan Areas. “ The project promotes the development of an efficient urban transport system that supports economic growth by allowing lower income population segments to access urban services, employment opportunities, and commercial facilities” said Pedro Alba, World Bank Country Director for Argentina, Chile, Paraguay and Uruguay. The Metropolitan Areas Urban Transport Project will: (i) Improve the physical ...
