Argentina: Subsidized export credits for capital goods and related services
Description
On May 14, 2010 the Bank of Investment and Foreign Commerce (BICE), second largest public bank in the country, launched a subsidized export credits program of USD 5 millions (20 millions of Argentinean pesos), aimed at boosting domestic production and marketing of exportable capital goods and related services. Credits will be granted for one year, at a fixed interest rate of 9%, and will cover up to 75% of the FOB value.
Only exports invoiced and charged in local currency, channelled through the bilateral Domestic Currency System in place with Brazil, will be benefited by the program.
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered: 11/06/2010
Implemented: Yes
Date of inception: 10 Jun 2010
GTA Evaluation: Red
Source:
Source: BICE webpage: http://www.bice.com.ar/SP/novedades/novedad_det.asp?id=254
Government Response:
- 485 reads
