Regulatory Alerts2025-07-03 | A 8267Circular LISOL 1-1108 OPRAC 1-1288: Financing for the Non-Financial Public Sector. 2025 Financing Program – PF25 of the Province of Neuquén
The Central Bank of the Argentine Republic issued Communication “A” 8267 to authorize financial entities to acquire up to $240 billion pesos (or USD equivalent) of Neuquén Province Treasury Notes under the 2025 Financing Program (PF25) without triggering objections to existing non-financial public sector financing limits. This exemption applies in accordance with Provincial Law 3,481 and Ministry of Economy note NO-2025-68125302-APN-SH#MEC, while mandating that participating entities continue to observe credit risk fragmentation rules. Additionally, the communication explicitly restricts applying foreign currency deposit lending capacity to these hard-dollar Treasury Notes subscriptions, per Section 2 of the consolidated Credit Policy text.