started · updated
Argentina launches 2 trillion peso mortgage credit program
Economy Minister Luis Caputo has announced a new mortgage credit program in Argentina aimed at stimulating the housing market. The initiative will utilize up to 2 trillion pesos from the ANSES Sustainability Guarantee Fund (FGS) to provide long-term funding to banks.
The program is designed to address the mismatch between short-term bank deposits and long-term mortgage loans. The funds will be offered to financial institutions through public auctions in tranches of 200 billion pesos. These auctions will include two terms: one-year placements with a minimum rate of UVA + 2.50% and five-year placements with a minimum rate of UVA + 4.50%.
Banks using these funds must offer mortgage loans specifically for the acquisition or renovation of a first home. These loans will have a maximum interest rate of UVA + 7.50% and a minimum term of 15 years. The program is estimated to facilitate between 17,000 and 18,000 mortgage loans, with an average loan amount of approximately 80,000 USD. The first auction is expected to take place next week.
Entities
Anses · Argentina · Banco Central de la República Argentina · Casa Rosada · Central Bank of Argentina · Central Bank of the Argentine Republic · Chamber of Deputies · Consejo Interuniversitario Nacional · FGS · Fondo de Garantía de Sustentabilidad · Javier Milei · Luis Caputo
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] Luis Caputo denied any connection to the Lenor group or businessman Made.
- [● 19 SOURCES] The Minister of Economy is scheduled to hold a press conference to announce macroeconomic and exchange rate measures. eldiarionoticias.com.ar · www.mejorinformado.com · radiotvsierras.com · tolhuinprimero.com · nogoyatimes.com · +6 more
- [● 8 SOURCES] Economy Minister Luis Caputo proposed a law to sanction journalists who publish information without evidence. canalc.com.ar
- [● 4 SOURCES] President Javier Milei expressed support for the proposal to sanction journalists. canalc.com.ar
- [○ 1 SOURCE] The Supreme Court upheld a ruling requiring the government to comply with university financing laws regarding salary updates and scholarships.
- [● 2 SOURCES] President Milei urged his party legislators not to be intimidated by the press or political opponents. elfuertediario.com.ar
- [● 16 SOURCES] The government plans to use the Anses Sustainability Guarantee Fund to support mortgage credit. chacosintesis.com.ar · radiociudadoran.com.ar · nuevaspalabras.com.ar · www.diarioelpaso.com · www.planbnoticias.com.ar · +4 more
- [● 14 SOURCES] The Chamber of Deputies is set to debate reforms to the Central Bank's Organic Charter and the Inocencia Fiscal law. www.mejorinformado.com · radiomhumahuaca.com.ar · radiotvsierras.com · tolhuinprimero.com · nogoyatimes.com · +5 more
- [○ 1 SOURCE] The Inocencia Fiscal reform seeks to incentivize the formalization of undeclared funds. mendoza24.com.ar
- [○ 1 SOURCE] The Central Bank reform aims to prevent the entity from providing transitory advances to the Treasury. mendoza24.com.ar
- [○ 1 SOURCE] Caputo proposed a law to sanction journalists who publish information without evidence.
- [● 21 SOURCES] Economy Minister Luis Caputo announced a $2 trillion program to stimulate mortgage credit using funds from the ANSES Sustainability Guarantee Fund (FGS). chacosintesis.com.ar · www.diarioelpaso.com · www.planbnoticias.com.ar · radiociudadoran.com.ar · radiomhumahuaca.com.ar · +12 more