AreaArgentina

Commodity GroupRice

CommodityAll

Date24/02/2016

Policy CategoryProduction

Policy InstrumentProduction support, credit

DescriptionAnnounced that it would treble working capital loans availed to the rice sector through Banco Nación to ARS 300 million (USD 20.5 million). In addition, ARS 45 million (USD 3.1 million) would be jointly contributed between the national Government and provincial authorities in Corrientes to a revolving fund destined to aid harvesting operations. The initiatives are geared at assisting the sector face liquidity issues associated with a poor export performance in 2015.