ANNOUNCEMENT 08 Dec 2014In December 2014, the government of Argentina announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Presidencia de la Nacion (2014) Nueva l?nea de financiamiento por $ 500 millones para peque?os y medianos productores lecheros.http://www.minagri.gob.ar/site/institucional/prensa/index.php?edit_accion=noticia&id_info=141208122800.
On 8 December 2014, Argentinian officials announced that the Goverment alongside the Argentinian National Bank will introduce a new credit line with a total volume of USD 56,203,470.
The credit line is aimed at small and medium dairy farmers. Participants may either seek an investment loan with a duration of 5 years or a working capital loan with a duration of 2 years.
Both loans are available with favorable conditions close to or even below the rates earned on large short-term sight deposits (Buenos Aires Deposits of Large Amount Rate, BADLAR).
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.