Argentine central bank president Martin Redrado announced a series of new measures to boost private companies' access to domestic financing.
Speaking at a conference for publicly owned banks, Redrado said the goal is to create a "new framework" to ensure that public-sector borrowing doesn't crowd out the private sector.
Among the measures are two aimed at boosting liquidity in domestic capital markets. The first will allow both banks and non-financial companies to issue bonds indexed to a special inflation measure known as the CER. The second measure will create an interest-rate futures market to allow banks to better cover their risks.
Redrado also announced three measures designed to ease credit access at banks for small-and medium-sized enterprise (SME) that suffered damage to their credit ratings in the recent financial crisis.
