The Government offers this possibility to the provinces, charging only 15% interest, far below what it would mean to go into debt on the market," they specified in the Casa Rosada. "Subject to a percentage of coparticipation," indicated from the ruling party about a measure that, without a doubt, avoids confrontation between the Nation and the Provinces. They also clarified that this money they receive through coparticipation "will have to be paid back this same year." So, instead of asking every month, in this case, the provinces tell the Government what they need. Buenos Aires, April 6 (NA) — Diego Santilli, Minister of the Interior, maintained an active agenda this Monday in his Balcarce 50 office, as he received two governors for a dialogue with the national government to fine-tune parliamentary backing for the ruling party's ambitious legislative agenda. The official first met with the San Luis governor, Claudio Poggi. Many governors have a complex panorama due to demands from state employees. "It is a habitual policy," they added in the Government. In addition, the minister and the governor talked about the shared agenda of topics between the Nation and the Province, the Argentine News Agency learned. An hour later, the meeting between Santilli and the Corrientes governor of the Radical Civic Union, Juan Pablo Valdés, took place. "In this way, it is prevented that the provinces go to the market to face their challenges and run the risk of becoming indebted with interest rates of 30% and 45% approximately," they explained from the Casa Rosada. Like in Poggi's case, the talk was given by the need to approve this Wednesday the modification to the Glaciers Law (which already passed in the Senate), the law to strengthen private property, the eviction law, the rural lands law, the hardening of penalties and the incorporation of new types of crimes for migratory offenses, among other projects that La Libertad Avanza has in its portfolio and intends to discuss starting this Wednesday. "El Colorado" arrived at these two meetings with good news for the provinces: he managed for them to receive extra coparticipable funds so they can meet their financial obligations. According to what was reported from the Cabinet member's side, the axis of the conversation was the package of laws that Javier Milei proposed in Congress and will be debated in ordinary sessions. A limit of up to 400 billion in Copa advance is set, according to a study of the state and situation of each province.
Argentina's Government Offers Provinces Low-Interest Loans to Avoid Debt Crisis
Argentina's government has offered provinces the chance to access funds at a 15% interest rate, significantly below market levels. This measure is designed to prevent conflict between the central government and the regions, and to help governors meet their financial obligations without resorting to expensive market-based loans.