ANNOUNCED AS TEMPORARYNo
Another measure included in the SMEs Stimulus Comprehensive Plan is the establishment of ARS 4 billion (circa USD 156 million) to be used by SMEs as automatic and partial loan guarantees. These resources will be distributed through the Argentine Guarantee Fund (Fondo de Garantías Argentino, FOGAR).
This action was announced by the Ministry of Production of Argentina, the Bank of the Argentine Nation (i.e. BNA by its Spanish acronym) and the Argentine Foreign Trade and Investment Bank (i.e. BICE by its Spanish acronym) on 13 June 2018
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