President Cristina Fernández de Kirchner assured at Government House, as she led the public rally for the bidding of funds for subsidized-rate loans for small and medium sized companies (Pymes), that "we have lost a lot of time and we're making up for that now."The Head of State said that "we will increase credit and its quota in 200 million for big companies and in 50 for small and medium sized companies."
Also, during the event, she confirmed that "today we have US$51.008 billion in reserves and we broke another one of our own records. It fills us with pride. We are going to be able to pay the Boden 12, which will not be swapped but paid for, because the plan is to continue to get out of debt. This is a good path."
International reserves of the Argentine Central Bank (BCRA) broke a new record as they reached US$51.008 billion, after increasing US$22 million regarding last Friday, when it had reached US$50.986 billion.
The government ruled out the possibility of swapping Boden 2012 bonds -which expire in August-, in order to obtain financial oxygen, and it assured that it is to pay US$2.3 billion when due, with BCRA reserves.
Source: http://buenosairesherald.com/BreakingNews/View/40437
