Argentina
Key Facts
—The Plan. ARCA’s General Resolution 5711/2025 allows SMEs to refinance overdue tax, social security, and customs debts with up to 60 monthly instalments.
—The Cost. The financing rate is fixed at 50% of the compensatory interest rate, recently cut to 2.75% monthly, but the plan does not forgive any accrued interest or penalties.
—The Criticism. Business groups argue the required 10-20% down-payments are too steep for liquidity-starved firms, while economists warn of moral hazard from repeated payment schemes.
