The World Bank announced last week that it will lend a total of $180 million to Burma, the Congo and Portugal.
The Congo will get two loans totaling $85 million to help the nation recover from an economic crisis caused by last year's oil price collapse.
About $70 million will be used to help reinforce controls on public expenditures, improve management of the nation's oil industry and liberalize prices to encourage private industries.
Portugal's loan is for $32 million and is designed to help improve scientific and technological research and training, including classes in science, mathematics and language skills.
Burma will receive $63 million from the IMF in an interest-free loan to help it drill natural gas wells, install a gas pipeline to Rangoon and set up a gas distribution system for the capital city.
Argentina to Get $1.4 Billion Argentina will get another $1.4 billion in a standby arrangement from the International Monetary Fund, the fund announced last week.
Argentina has a debt of more than $52 billion, including $3 billion owed to the fund. The government is negotiating with private banks for another $1.95 billion and arrangements are reported almost complete, with signatures due Aug. 10.
These arrangements are part of a deal arranged earlier this year in which repayments were stretched out on $32 billion dollars of the country's old debt.
Argentina is promising the fund that in the second half of the year it will cut its government deficit substantially below the rate for the first half. The aim is to strengthen the country's international balance of payments, which has been hit by low world prices for grain, a major export.
The government is also trying to hold the growth of its money supply below the rate of inflation, which has reached 108 percent for the last 12 months.