As part of the measures, “the rates of origin will be maintained” without modifying themand will be awarded “one year grace period for producers to have that period to rebuild your income and start repaying (the credit) only next year,” he explained.
Another measure, he specified batakis is a new line where $20 billion will be made available to one interest rate of 49.5%and which also has a year of grace.
On the other hand, in response to a claim from the producers, the president of the bank indicated that the lease of the field be considered as working capitalallowing his entry to lines stipulated for the purchase of inputs like fertilizers.
“One cannot palliate the extreme drought that Argentina is living and that it is historicalbut if make ourselves available with all the tools“, he claimed batakis this morning in dialogue with Radio 10. In this context, he also explained that the measures announced last Tuesday by Massa involved “intense two-week work.”
“Of all the points that were requested in that call that is originally done (in the INTA of Castelar), we were responding to many of the points“, valued the head of the BNA.
Link with the Liaison Table
According to Batakis, the entities of the Liaison Table had a “positive response acknowledging that it had finally been fulfilled, and with an even greater response, to what they had been asking for”. “They left very satisfied with what was announced yesterday”said the former head of the Palacio de Hacienda, and pointed out that the ruralistas They also “celebrated the fact of being seated at a dialogue table and that in two weeks they would receive an answer”.
He also highlighted that, in addition to the Liaison Table, there were “different associations linked to the field who had never been seated at a table like this”and that the idea is that “the meeting is not the last and that work continues”.
Source: Ambito
