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Summary of International Government Emergency Measures as of March 1, 2020 

by Several collaborators

Published: April, 2020

Submission: April, 2020

 



The article has information regarding all Latin American countries; please contact us for the document or you can download it from this site ([email protected])


 


ARGENTINA


Payment Chain Maintenance:


• Rent freeze


• Mortgage installments freeze and prohibition of foreclosure


• UVA (“purchasing power unit” by its Spanish acronym ) secured loansinstallments freeze


• Suspension of the closing of accounts due to bounced check


• Flexibilization of parameters to rank bank debtors• Removal of punitive interests for unpaid credits


• Extension of deadlines to present checks


Salary Assistance Program:


• Salary compensation allowance (in the context of the EmergencyAssistance Program for Work and Production)


• Extension of REPRO -(Federal Productive Reconversion Program byits Spanish acronym)- (in the context of the Emergency AssistanceProgram for Work and Production)


Financing:


• Extension of the FOGAR (Argentine Guaranty Fund for its Spanishacronym) guaranty fund for loans for SMEs


• Flexibilization of requirements to access credits• Credits for payment of salaries and working capital (deferred checkpayments)


• Deadline for payment of credit cards postponed• The unpaid balance of credit cards can be refinanced


Procedures Flexibilization:


• Suspension of administrative deadlines in the PBA


• Extension of authorizations for dairy production facilitiesConsumption Maintenance


• Maximum prices for consumer goods• Emergency Family Income


• Extension of the Ahora 12 program (Program to buy national productsin fixed installments with credit card)


• Prohibition of labor lay-offs and suspensions


• Reinforcement of the Unemployment Benefit (Emergency AssistanceProgram for Work and Production)• Reinforcement of unemployment benefit


 


BOLIVIA


Measures specifically adopted for entrepreneurs:


• Deferral of credits in force in February 2020 for 6 months, including principal and interests


• Financial assistance of 2 basic salaries for each employee of the company, with funding of 2 months of payroll at soft rates for 18 months.


• Loan facilities related to business interruption in order to help companies in the long term.


Fiscal aid measures:


• Postponement of payment of Utilities tax (Income Tax for the 2019 and 2020 administration)


 



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