Argentina expands collateral for farmers
Central bank aims to expand credit for key agricultural sector
The Central Bank of Argentina (BCRA) will allow farmers to use leasehold estate as collateral for loans, it announced on August 10. The decision aims to expand credit for the agriculture sector, which accounts for over 50% of the country’s exports and 10% of GDP.
More than 64% of Argentine producers are not the owners of the land they exploit, which has traditionally limited their access to credit. This has curbed their capacity to invest in machinery and new forms of production, which has long
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