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Wednesday, March 22, 2023

Government approved IDB credit for US$40 million for wine producers

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The Minister of Economy, Sergio Massa, anticipated last Saturday that today the decree that enables the credit line for US$50 million would be published within the framework of Proviar II.

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“The decree that will be published on Monday, which has already been signed, enables the loan of US$40 million, with a contribution from the national State of US$10 million, for the implementation of Proviar II, which is a huge task to continue multiplying the work of the State and the producers together”, said the minister, when participating in a breakfast in Mendoza of the Argentine Wine Corporation (Coviar), within the framework of the National Harvest Festival.

Today’s decree highlighted that “The general objective of the Program is to contribute to the social, economic and environmental sustainability of Argentine viticulture”.

For its part, its specific objectives are to increase the adoption of technologies by small and medium-sized wine producers, prioritizing the improvement of the efficiency of the use of water resources.

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Also increase the marketing capacity of small and medium wine establishments; and encourage the participation of micro, small and medium enterprises (MSMEs) in the wine chain, led by young people and women.

The aforementioned Program will be developed through technological and organizational innovation for wine production, which includes technical assistance and training for small, small, medium and medium wine producers, as well as infrastructure and operational capacity.

It also includes support for the marketing of small and medium-sized wine establishments, with technical assistance, infrastructure and operational capacity for associative marketing groups.

Besides, Proviar II will support micro, small, and medium-sized enterprises led by youth and women, with technical assistance, infrastructure, and operational capacity to strengthen rural roots.

Source: Ambito

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