ANNOUNCEMENT 02 Jul 2012
The Government of Argentina increased the total budget set credit lines under the Subsidized Interest Rate Regime for SMEs (i.e. Régimen de Bonificación de Tasas para las Micro, Pequeñas y Medianas Empresas).
NUMBER OF INTERVENTIONS
InfoLeg. Micro, Pequeña y Mediana EMpresa. Decreto 1013/2012. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/195000-199999/199298/norma.htm
On July 2, 2012, the Government of Argentina issued Decree 1013/2012 increasing to ARS 3,000 million (circa USD 662.8 million) the total budget for credit lines provided under the Subsidized Interest Rate Regime. Previously, the total amount available was set at ARS 2,000 million (USD 489.7 million).
Subsidized Interest Rate Regime
These credit lines are provided to SMEs to facilitate their access to competitive financing, hence these loans enjoy preferential interest rates.