ANNOUNCED AS TEMPORARYNo
Interest payment subsidy
On 3 July 2018, the Argentine Ministry of Production concluded an agreement with twelve public banks to make available ARS 26 billion (over USD 933 million at the time of the announcement) to local SMEs. These resources will be used to discount checks of up to 90 days. The banking entities will grant the SMEs a maximum gross interest rate of 32%, and the Ministry of Production will rebate 3 percentage points, so the net rate will be 29%. In some regions like Buenos Aires, the net interest rate will be set at lower levels.
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