ANNOUNCEMENT 10 Aug 2014In August 2014, the government of Argentina announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
On 10 August 2014, the government of Argentina announced the creation of the Fund for Economic Development (FONDEAR) with a budget of 10 billion Argentinian Pesos (ca. USD 1 billion).
The core scope of this fund is to support economic projects that:
With regards to this elaborated Fund, it is important to denote that it prioritizes the following sectors that are deemed of a relatively high strategic importance for Argentina:
Lastly, it is important denoting that the eligible costs of the economic projects that this Fund aims to finance are costs related with the financing of :
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.