The Argentine government is advancing a plan to restart peso-denominated mortgage lending by leveraging the investment fund of the national pension agency, ANSES.
Economy Minister Luis Caputo has held key meetings with major banks to structure the initiative, which aims to broaden access to housing credit for households ahead of the upcoming elections.
The proposal centers on using ANSES’s investment fund to provide liquidity or guarantees for mortgage products, effectively lowering the cost of capital for lenders.
This mechanism is designed to address the chronic shortage of long-term financing in the local housing market, where high interest rates and inflation have historically suppressed demand.
This development follows Caputo’s earlier unveiling of a comprehensive financial program intended to service the country’s debt obligations through the end of next year.
While that framework focused on fiscal sustainability and external debt management, the mortgage initiative signals a shift toward stimulating domestic consumption and investment.