Argentina launches FGS-Anses mortgage funding program; first auction Monday

Argentina's government begins a program channeling $200 billion (ARS) from the FGS of Anses into banks via fixed-term deposits up to 5 years, with the first auction on Monday. Banks will then offer mortgage loans to families starting in November. This is a state-driven credit expansion aimed at boosting housing finance, with details on uptake and loan terms still emerging.