ANNOUNCEMENT 14 Nov 2018
The Argentine Government has announced the launch of a new funding program for SMEs.
NUMBER OF INTERVENTIONS
Ministry of Production and Labour. Ministerio de Producción y Trabajo. "El Gobierno pone a disposición $22.000 millones para financiamiento PyME" Available at: https://www.argentina.gob.ar/noticias/el-gobierno-pone-disposicion-22000-millones-para-financiamiento-pyme
On 14 November 2018, the Ministry of Production and Labour of Argentina has announced the launch of a new funding line for SMEs. The new line allows the discount of checks for working capital-related costs.
The total resources allocated to this line is ARS 22,000 million (over USD 611 million at the time of the announcement).
This new line of funds includes both public banks with a final rate of 38% and a term of up to 90 days, and private banks with a final rate of 45%.
The new funding will be available until 28 February 2019.