Argentina's Banco Nacion opens credit line for irrigation investments

Source: BN Americas
By: Javiera Gracia

Argentina's state-run bank Banco Nacion opened a new credit line to finance irrigation investments, the government announced in a press release on its website.

 The new line was opened after a recommendation from the Federal agroindustry ministry, and is meant to give continuity to a similar credit line opened last year, according to the statement.

This measure will boost sustainable agricultural production and also stimulate production in small and medium sized agroindustrial companies. The new credit line will be able to finance investments for both mechanized and non-mechanized irrigation systems, which may include the drilling of water wells.

The financing will be available in pesos, index linked units (UVA), and US dollars. Terms range from seven and 15 years, with investment rates that will start at 15% for loans denominated in pesos, 5% in UVA, and 4% in US dollars.

 On top of that, the grace period to repay the capital can be extended in 18 months, depending of the project that is being financed, according to the government.

 The loans for irrigation are part of a bigger loan initiative launched by Banco Nación, which includes lines for agriculture, transportation, real estate development, and infrastructure projects that are being developed by municipal governments.


  • VII Concurso Internacional de Vinhos do Brasil (Wine)
  • New York Times 36 Hours in Buenos Aires
  • Alternative Latin Investor
  • Artful Living (Mansion)
  • Avid Magazine (AWE)
  • BlackBook Mag (Mansion)
  • CNN (AWE)
  • Conde Nast Traveler (Mansion)
  • Delta Sky Magazine (Mansion)
  • Departures (AWE)
  • Elite Traveler (Mansion)
  • Finger Lakes International Wine Competition (Wine)
  • Fodor's Choice 2013 (Mansion)
  • Fodor's Choice 2013 (Wine Estates)
  • Fodors (AWE)
  • Forbes Life (Mansion)
  • Frommer's Best Vineyards & Hotels Around the World
  • Andrew Harper’s Grand Awards 2013
  • International Wine Challenge U.K.
  • 2013 International Wine & Spirit Competition (Wine)
  • Kiwi Collection (Mansion)
  • Kiwi (AWE)
  • National Geographic Traveller 2012
  • Order Wine Direct (Wine)
  • Robb Report Exceptional Places 2012
  • Tablet Hotels (Mansion)
  • Telegraph (AWE)
  • Mediterranean International Wine & Spirits Challenge (Wine)
  • Travel+Leisure
  • Trip Advisor Top 25 Hotels for Romance Argentina
  • Unique Homes (AWE)
  • USA Today (Mansion)
  • 2013 Vinalies Internationales Paris d'or (Wine)
  • Vinandino 2013 (Wine)
  • VINUS 2014 (wine)
  • WAWWJ 2014 (Wine)
  • Wine Enthusiast (AWE)