Economy and Business Info

finance investment projects in any economic sector. The so-called “Production Financing Program of South America will be anchored by the Central Bank (BCRA), but reservations will not be used for this purpose. The announcement had been advance Profile Journal on Sunday.

The loans will be available with an interest rate of 9.9% annual fixed weights and have a period of up to five years. Projects that a unit comprised of the Ministries of Industry and Economy will evaluate applications. For its part, the Central Bank will give financial institutions public and private resources to lend against the security of tenure of such bonds.

Industry reported this medium, have been relieved about 100 investment projects. The main areas involved are steel, petrochemicals, leather, textiles, footwear, medicines, wood and furniture, auto parts, software, toys, and dairy foods.

Indeed, the purpose of the loans is to achieve anti-inflation, given that current demand for goods and services grows above generate supply and price increases, among other factors.

The Minister of Industry, Debora Giorgio, explained, “This growth generates greater investment needs, which are aggregate demand this year and a greater supply of goods and services for the future. Furthermore, the increased investment will result in import substitution, value-added exports and supply the booming domestic market. “

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