Argentina finalizes FGS bank funding scheme, tender launch imminent

Argentine authorities are finalizing an agreement to launch a funding scheme for banks under the FGS (Fondo de Garantía de Sustentabilidad), with signing expected within hours and the first tender call early next week. This signals a concrete step in deploying state-backed liquidity to the banking sector, likely aimed at easing credit conditions or supporting financial stability. The exact terms and scale remain undisclosed, and market impact will depend on the size and pricing of the tenders.