The Government will make today a new debt placement in different types of bills and bonds, with which it will seek to finance itself for 250 billion pesos ($2.66 billion) and $700 million to cover maturities for the month.
Productive activity, measured based on energy consumption, grew 6% in April compared to the same month of 2019. However, the advance index of industrial activity contracted 2.9% on a monthly seasonally adjusted basis concerning March.
Banks assisted more than 98,000 MSMEs for a total of 411,678 million pesos ($4.38 billion) in the first six months of the program. The loans granted represent 8.7% of private sector deposits in pesos. The total amount disbursed by banks is equivalent to more than 15% of the monetary base, according to information from the Argentine Banks Association (ADEBA).
Argentina consumes around 30 million sneakers per year, half of which imported. Nike decided that it will continue to be present in the country with its supplier Dass, so the Brazilian company announced an investment of $25 million to support the manufacture of sneakers and double its production, creating new sources of employment.