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IDB Approves $500 Million Results-Based Loan to Upgrade PAMI Care in Argentina

The financing ties payouts to measurable service improvements under Argentina’s 2025–2028 country strategy.

Overview

  • The Inter-American Development Bank’s Executive Board cleared the operation on October 15 as a performance-based loan.
  • Terms include a 25-year amortization schedule, a roughly 5.5-year grace period, and interest referenced to SOFR.
  • Approximately 5.4 million retirees and pensioners covered by PAMI stand to benefit from expanded and higher-quality services.
  • Program priorities focus on integrated chronic disease management, broader access to oncology treatments, stronger support for people with functional dependency, and higher institutional care quality.
  • Targets include wider coverage for hypertension, diabetes, and kidney disease, plus shorter wait times for breast and colon cancer surgeries, within a broader $10 billion Group IDB package for Argentina that allocates $7 billion to the public sector and $3 billion via IDB Invest.