China News Service, April 9th, according to the Argentine Chinese website, on the evening of the 8th local time, Argentine President Fernandez passed a decree allocating 120 billion pesos to provinces to restore the economy. According to official reports, the measure is aimed at responding to the new crown epidemic and mitigating the economic impact.
According to reports, 60 billion pesos will be issued directly through the Ministry of the Interior's "Treasury Support" (ATN), and another 60 billion will be issued by the Provincial Development Trust Fund through low interest rates and concessional credits that can be extended to December 31.
Argentina ’s Interior Minister De Pedro explained that “the above funds will be allocated within the framework of the provincial aid plan, which is one of the tools to strengthen the national health system and is also an emergency effort.”
He also emphasized that in the face of the epidemic, "the coordination with all governors has not been partisan. He is taking consistent measures and a coordinated approach to deal with this crisis, and always considers the well-being of the Argentine people. "