The bank has released some 18 billion dollars to the exchange market since October 2008 in attempt to boost the sluggish peso.
The government also announced on Tuesday the country's economy will enter into recession this year, with a growth rate of 0.5 to 1.5 percent. Meanwhile, the inflation rate is expected to reach 4 percent.
Some 160,000 to 340,000 jobs could be lost by the end of this year, Banxico governor Guillermo Ortiz said.
2009年1月29日星期四
2009年1月16日星期五
Vietnam announces
Local companies, however, using loans for importing of non-essential goods or investment in real estate and securities businesses, are not eligible to receive the subsidies, said Dung.
Dung also agreed to provide credit guarantees for companies with chartered capital of no more than 1.17 million dollars and employment of fewer than 500 workers. A loan guarantee fund worth 11.76 million dollars would be set up to ensure the credit flowing.
Regarding tax issues, the Prime Minister said that it is necessary to allow tax payment deferments, reductions and exemptions for businesses to remove obstacles hindering production and exports.
Dung also agreed to provide credit guarantees for companies with chartered capital of no more than 1.17 million dollars and employment of fewer than 500 workers. A loan guarantee fund worth 11.76 million dollars would be set up to ensure the credit flowing.
Regarding tax issues, the Prime Minister said that it is necessary to allow tax payment deferments, reductions and exemptions for businesses to remove obstacles hindering production and exports.
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