ArgentinaPresident Mauricio Macri, on May 5 signed for a $2 billion loan from the ,known as CAF, to finance infrastructure projects in the country, Cronista reported.

The mainfocus of the accord will be on the 100 places "most exposed to poverty andexclusion in northern Argentina," Macri was quoted as saying.

Projectswill reportedly include water treatment plants and new infrastructure in BuenosAires province to avoid flooding in the future.