XXXVIII, No 19, 05/10/2020
Argentina sets up defence fund – emphasises import substitution, allocates 80 percent for domestic production
The Argentine Senate has passed a law to establish a National Defence Fund (FONDEF) to finance military re-equipment and boost local production. The fund will be used to increase the country’s sovereignty in defence production across the armed forces. One of the conditions for the fund’s use is that 80 percent will finance the manufacture of military equipment in the country by SMEs.