Defence Notes

PREMIUM: Argentina and Uruguay seek to kickstart modernisation with special funds

23rd September 2020 - 12:00 GMT | by Flavia Camargos Pereira in London


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Argentina and Uruguay have each created funds and financial mechanisms to pay for new defence equipment, as they seek solutions to long-running modernisation requirements.

On 16 September, the Argentine Senate approved the creation of the National Defence Fund (FONDEF in Spanish), with ARG300 million (USD404 million) set aside to equip ...

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