ANNOUNCED AS TEMPORARYNo
On 25 June 2015, the government of Argentina announced a new credit line for the livestock sector operating in the Pampa province. The costs for the financing of this credit line will be shared between the Ministry of Agriculture (60%), the provincial government of Pampa (25%) and the Bank of Pampa (15%). This credit line will provide up to 3 million Argentinian Pesos (USD 318,757.35) at a discounted interest rate of 6% to around 500 eligible small and medium producers, agricultural cooperatives and enterprises engaged in cattle, swine, sheep, poultry meat and other livestock species. Furthermore, it is important denoting that that this credit line is exclusively designated to financing:
Furthermore, the loan period is up to 5 years for investments and 12 months for working capital and other specific development costs. The grace period is 18 months.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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