November 23, 2020 |
Argentina's central bank has loosened restrictions on natural gas producers to buy dollars for new projects to increase production as part of a 2020-2024 incentives program, a move expected to revive investment in the sector and potentially protect flagging international reserves.
The bank's board of directors said Thursday that companies can bring capital into the country and move it out again more easily, including to pay back what they borrow for projects that start this month.
In effect, com
Central bank says producers can buy dollars to pay off financing for increased production