Argentina sets up fund for small business loans

Argentina sets up fund for small business loans

Corporate & Sovereign Strategy Economy & Policy Loans Argentina

Argentina has set up a ARS16 billion ($139 million) fund with Banco Credicoop, the seventh-biggest bank in the country by assets, to finance micro-, small and medium-sized enterprises (MSMEs) as well as self-employed workers and leasing operations, according to the production ministry. Banco Credicoop will offer microloans out of the fund to small businesses for working capital and investments, a move aimed at increasing financial inclusion in the country. "Financial inclusion is a priority for

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