The government obtained funding of over $4.7 bn from international agencies

So far this year, amid the crisis caused by the pandemic, the government has managed to obtain financing of more than $4.7 billion from the IDB, CAF and the World Bank, among other organizations, with the clear objective of boosting the economy. Already, $800 million disbursed. The IDB will provide $1.8 billion, of which $300 million will go to reactivate SMEs.

Because of the crisis, BASF and Axalta stop producing car paints

Two major car paint manufacturers announced in the last hours that they would stop producing in the country as a result of the crisis caused by the pandemic both locally and globally. They are the German company Basf and the American company Axalta. The German company will move production to the state of Sao Paulo but will continue to operate commercially in the country through imports. On the other hand, the American company announced that it is withdrawing from the local market definitively.

Closing of Latam: Negotiations for 1,715 layoffs set in motion

The departure of Latam from Argentina means that it stops flying to 12 domestic destinations, three regional ones (Sao Paulo, Santiago de Chile and Lima) and one international one (Miami). Yesterday, the date was set to begin negotiations on the future of the 1,715 employees who will be fired when Latam Airlines completes its exit from Argentina.