WASHINGTON, June 16, 2026 - The World Bank and MIGA Boards of Directors today approved an innovative financing package to support Argentina's reform agenda and help restore its access to international capital markets. The transaction will lower Argentina's financing costs while supporting a broader reform agenda aimed at creating jobs, attracting investment into infrastructure, and improving financial inclusion for smaller businesses, among other measures.
The financing combines two World Bank Group guarantees to help mobilize up to $2 billion in commercial loans: a first-loss Policy-Based Guarantee (PBG) from the International Bank for Reconstruction and Development (IBRD) and a second-loss guarantee from the Multilateral Investment Guarantee Agency (MIGA). Together, the guarantees will cover 95% of debt service payments under the commercial loan, enabling Argentina to lower borrowing costs and strengthen public debt management.
"We are committed to supporting Argentina's macroeconomic stabilization and growth reform agenda. This innovative guarantee structure helps bridge the country's return to international capital markets, mobilizing financing on more affordable terms while supporting reforms that boost private investment, productivity, and long-term resilience," said Susana Cordeiro Guerra, World Bank Vice President for Latin America and the Caribbean.
"This transaction demonstrates how the innovative layering of financial products using the World Bank Group Guarantee Platform can be tailored to the needs of our member countries. In Argentina's case, the financial structure drawing on both IBRD and MIGA balance sheets will deliver large savings when they are most needed, while attracting investment that will improve both lives and livelihoods," said Junaid Kamal Ahmad, MIGA Vice President of Operations.
The IBRD and MIGA guarantees will support actions that mobilize private capital for infrastructure, strengthen market competition, and improve the business environment for firms. The supported commercial loan will have a six-year maturity and include a three-year grace period.
About the World Bank Group Guarantee Platform
Initiated in 2024, the World Bank Group Guarantee Platform consolidates guarantee products and experts from across the World Bank Group at MIGA. It provides a simplified and comprehensive menu of guarantee solutions, enabling clients to select the instrument that best suits their needs. The platform streamlines processes, removes redundancies, and provides greater accessibility by de-risking investments in developing countries. Its goal is to boost the World Bank Group's annual guarantee issuance to $20 billion by 2030.
