Fernandez is making an attempt to boost Argentina’s tourism industry with nearly 300 million pesos in loans. 340 hotels and 140 tourist agencies are partaking in the plan. The loans are interest-free for either three or six months, and will be available until April of 2009.
These loans could be the push that tourism in Argentina needs right now. The European crowd is still the strongest presence in Argentina, but more and more North Americans are discovering this beautiful South American country. If used properly, this money could fuel much needed renovations and improvements in some areas, and make vacationing in Argentina even more attractive.
More foreigners putting their money into the economy is exactly what Argentina needs right now, and means good business and investment possibilities on the horizon.
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