The group of entities of the Argentine financial system has approved credits for $66,182 million, of which $43,298.55 million were disbursed, with the special line of credit for micro, small and medium-sized enterprises (MSMEs) at a maximum annual interest rate of 24% launched by the Central Bank of the Argentine Republic (BCRA).
In addition, the Argentine Guarantee Fund (FOGAR) granted guarantees for financial institutions to provide new loans for $ 89,073 million.
Of the amount disbursed of $43,298.55 million, $2,612.3 million went to health service providers, reached by the regulations beyond their size and within the framework of the national policy for the prevention of COVID-19.
The complete line of financing for MSMEs approved by the BCRA is at least 220 billion pesos.
The credits were granted from the entry into force of the line on March 20 and until April 8.
