12 Nov BCRA – Adaptations to the financing line for the productive investment of MSMEs
November 12, 2020 – Through the new Communication “A” 7161, the BCRA establishes the operational guidelines for the granting of the productive investment line of MSMEs, the required financing, it also determines that for the lack of application of the “Financing line for the productive investment of MSMEs”.
Likewise, establish, effective as of November 1, 2020, a decrease in the average requirement in pesos of minimum cash for an amount equivalent to 14% of the financing provided for in point 4.1. of the “Line of financing for the productive investment of MSMEs” that are agreed at an annual nominal interest rate of up to 30%, measured in monthly average of daily balances of the previous month.
Jurisdictions affected: Argentina
For more information, visit Banco Central de la República Argentina.