The IDB will provide $6 billion to Argentina. It will also grant more modest loans to Chile to implement bilateral flagship projects, such as the Agua Negra tunnel, which will facilitate the exit of production from Argentina and Brazil to Asian markets. During the UNASUR Summit in 2009, the presidents of the three countries: Luiz Inacio Lula da Silva, Cristina Fernandez and Michelle Bachelet, signed a memorandum of understanding that laid the foundations of the Bioceanic Corridor, which is soon to come to fruition.…