ANNOUNCED AS TEMPORARYNo
On November 14, 2016, the Production Ministry and Labor, Employment and Social Security ministry of Argentina passed the Joint Resolution 1 E/2016, approving a series of measures to boost the competitiveness and the production of local companies. This new program includes state loans that will be implemented through the Argentine Economic Development Fund (i.e. FONDEAR) created on April 29, 2014.
Dynamic companies with approved projects starting in August 2017, can apply to credit lines of up to USD 57,458 (ARG 1 million) per hired employee. These credits enjoy a 6% interest rate.
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