Argentina Will Ease Bank Dollar Lending to Companies, Economy Minister Says
Banks will be able to lend up to 15% of their dollar deposits as Argentina seeks more foreign-currency credit for companies.
- On Thursday, Economy Minister Luis Caputo announced that banks may lend up to 15% of their dollar deposits to companies, a measure intended to increase credit availability for businesses without dollar earnings.
- Authorities designed this policy to encourage Argentines to bring undeclared savings into the formal financial system, hoping to boost dollar-denominated credit and spur investment and job creation.
- Caputo noted that high peso interest rates have burdened business owners, particularly in auto and construction; "We think this is a measure that will benefit everyone," he said.
- International Monetary Fund Managing Director Kristalina Georgieva recently applauded President Javier Milei's reforms for curbing inflation, though she emphasized Argentina still needs to improve credit access for businesses.
- Consumer prices rose 2.1 percent in July following a June slowdown, while economists forecast a 2026 year-end inflation rate of 29.8 percent amid the country's ongoing disinflation effort.
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Argentina will ease bank dollar lending to companies, economy minister ...
The Minister of Economy said that the industry "came asking" for loans to be speeded up.In addition, he again ruled out a bailout for the defaulters: "You don't have to confuse empathy with public policies."
la Nacion
BAE NegociosThe government seeks to channel to companies part of the nearly $7 billion that banks now have available in foreign currency; the bill expands the universe of companies that will be able to access finance
Today the Minister of Economy will give a press conference at 3 p.m. where he will give details of the changes. Bausili advanced and the requests of the banks
If you have a SME or more part of a company that seeks financing to grow, there is a key regulatory change in the Argentine financial system that opens up a range of possibilities after 25 years of restrictions.The Central Bank (BCRA) enabled a easing that allows banks to lend their deposits in foreign currency to firms that were previously totally excluded for not generating direct revenues in dollars.A limit of 15% to protect the liquidity of …
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