Argentina will allow banks to provide dollar loans to companies with greater flexibility as the government seeks to increase access to business credit and support economic activity. The new measure permits banks to lend up to 15% of their dollar deposits under updated rules.
New Dollar Lending Rules for Businesses
Economy Minister Luis Caputo said the policy is designed to increase available financing for companies and help reactivate the economy.
Caputo said industries including automotive and construction had requested more flexible lending options, as high peso interest rates have created challenges for businesses seeking financing.
Government Focus on Credit Access
The measure follows calls for improved credit conditions in Argentina, where businesses and households have faced limited access to financing.
Last month, International Monetary Fund Managing Director Kristalina Georgieva praised President Javier Milei’s economic reforms during a visit to Argentina, highlighting progress in reducing inflation while noting that some sectors remained under pressure.
Georgieva said improving access to credit for businesses and households would remain an important challenge for Argentina’s economic recovery.
Encouraging Formal Savings
The government said the new lending framework complements tax reforms aimed at encouraging Argentines to move undeclared savings held in cash or overseas accounts into the formal financial system.
Officials expect greater use of the banking system to help increase liquidity, expand lending capacity and support broader economic activity.
