Argentina: Government creates a new program to support big companies in financial trouble

Announcement

15 Oct 2020

he government of Argentina launched a new programme to provide economic support to big companies that are restructuring its debts. The programme will provide resources based on the company's employees gross salaries with the objective to ease the financial pressure on benefiting businesses.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

15 Oct 2020

Revocation date:

No revocation date

Updated: 15 Oct 2020

Capital injection and equity stakes (including bailouts) In force

<p>On 15 October 2020, the Ministry of Productive Development of Argentina adopted Resolution 551/2020 creating the Assistance Program for Strategic Companies in Liability Restructuring...