ANNOUNCEMENT 07 Jan 2016In January 2016, the government of Argentina announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Banco de la Nacion .El Banco Naci?n impulsa cr?ditos por $800 Millones para productores del Alto Valle. http://www.bna.com.ar/Institucional/Prensa/HistoricoPrensa/2016/1
On 7 January 2016, the Ministry of Agroindustry alongside the Argentine Banca de la Nacion, announced their decision to introduce a financial state aid of 800 million pesos (USD 53,595,552) over the course of the year, for producers of pears and apples from the region of Rio Negro and Nequen. This state aid is primarily designated to be in the form of loans that allow producers of pears and apples to finance:fixed investments, working capital and other costs related with their advancement/evolution. 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. Due to unavailability of 2015 data in the UN Comtrade database the trading partners were selected based on the trade flows of 2014.