ANNOUNCEMENT 18 Sep 2015In September 2015, the government of Argentina announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Ministerio de Econom?a y Finanzas P?blicas (2015). Kicillof: 'Implementar medidas para los peque?os productores es tambi?n desarrollar la industria'.
On 18 September 2015, the government of Argentina announced a new line of financing for small and medium-sized agricultural cooperatives. According to official sources, this new line of financing, will be providing its beneficiaries with working capital, at an annual interest rate of 17%, with a grace period of 6 and 12 months. Furthermore, it was also announced that the ammount of financing that will be provided via this new line will be around 400,000,000 Argentinian pesos (USD 42,594,436.00).
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.