Argentina grants US$ 70M credit to General Motors
Description
The Argentine government granted a US$70 million loan to General Motors Argentina, to finance the production of new small-sized models in the country. The loan was financed out of public security funds. One of the conditions demanded by the Government was that all the auto parts used in the project had to be locally made.
According to the Government, the aim of the measure was to guarantee jobs in an industry that had been essential in the creation of the more than 4 million posts since 2003.
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered: 10/12/2009
Implemented: Yes
Date of inception: 4 Jun 2009
GTA Evaluation: Red
Source:
Media - La Nación: http://www.lanacion.com.ar/nota.asp?nota_id=1135922
Government Response:
- 152 reads
