president of CNV stressed that the State must support private development

president of CNV stressed that the State must support private development

September 8, 2023 – 15:05

The tenth anniversary of the La Rioja Guarantee Fund was held. “We have to continue developing new tools,” said Sebastián Negri.

He president of the National Value Comission (CNV), Sebastian Negrihighlighted this Friday morning the need to make “the State more efficient” with policies that put production in the center and with specific programs for regional economies ” and financial inclusion for micro, small and medium-sized businesses.

“We have to continue developing new tools Like the guarantee fundswhich are an expression of a State that goes out to solve problems instead of waiting behind desks,” he said. Black by participating in the tenth anniversary of the La Rioja Guarantee Fund (Fogaplar), which led the governor of The Rioja, Ricardo Quintela.

The event, which took place at the Usina de Industrias property, in the capital of Rioja, included the participation of the head of Banco Nación, Silvina Batakis; and the SME deputy manager of the CNV, Matias Pineirowho in the afternoon will lead a round of dialogue with SME companies to detail the facilities of access to the productive financing in the capital market. He also participated in the event journalistic director of Ámbito, Julian Guarino.

For his part, the governor Quintela stated: “We are committed to a present State that does not compete with the private sector but that stimulates it and support it so that it can grow and develop.

What is the La Rioja Guarantee Fund?

He Fogaplar is the first public guarantee fund in La Riojawhich was founded in 2013 and offers Central Bank Guarantee A of the Argentine Republic (BCRA) so that companies SMEs access productive financing.

Until August 2023, Fogaplar attended more than 700 SMEs, exceeding the monetization amount in relation to the year 2022 and supported 29,000 jobs, reaching 22 locations in the province. This translates into a greater injection of liquidity and revitalization of the Rioja economy.

Source: Ambito

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