Montenegro, July 24 -- The Inter-American Development Bank (IDB) approved two loans for Argentina totaling $1.2 billion that will advance critical reforms to strengthen fiscal sustainability, improve the business climate, and boost competitiveness under the Bank's new 2025-2028 Country Strategy. The first loan, for $800 million, is the second in a series of two programmatic policy-based loans (PBLs). It aims to support tax reforms that enhance the efficiency and equity of the tax system, reducing distortionary taxes and eliminating exemptions and deductions to improve the country's capacity to collect revenue. The loan also backs measures that reduce the cost of tax compliance by simplifying filing processes for value-added and personal inc...