By the end of the 1980s, Argentina was in the middle of a severe economic crisis. In 1991, the Deregulation Decree, which steered the political economy toward a new neoliberal policy, dismantled the Argentine National Forestry Institute (IFONA), an autonomous bureaucracy responsible for forests. The aim of this study is to analyze the influence the World Bank exerted on domestic forest policymaking and bureaucratic reform in Argentina. We selected the interventions of the World Bank in the Argentinian forest and agricultural policy that started in the early 1990s and still continues today. We use a qualitative case-study design building on content analysis of policy documents. The World Bank interventions through funding figured prominently, in the form of new forest laws that, as a whole, benefited plantation forests and regulated soy production expansion. This policy was found to be supported by a coalition of the World Bank, agricultural interests, and private landowners.