In the past four years, the value of the Anses Sustainability Guarantee Fund has increased by 117 percent

During the current administration of the government (2019-2023), Sustainability Guarantee Fund (FGS) From the Anas family I arrived The highest value in its history, according to an official report that was obtained information. Moreover, in the same period, financing for productive projects was increased, with priority given to investment by SMEs, and Anses credits for pensioners and pensioners were relaunched, exceeding record levels.

In this way, the federal government became “the largest grantor of personal loans in the system, with 100% payback,” the report said.

In November 2008, the year it was created following the nationalization of the Superannuation and Pension Fund Managers’ Funds (AFJP), the total value of the Fund for Sustainability Guarantee (FGS) was $23,749 million. At the end of November 2015, the value of FGS had increased by 179%, reaching $66,208 million.

“In the previous government’s tenure (2015-2019), the value of FGS almost halved. Official sources said that the value in November 2015 amounted to $66 billion, and in the same month of 2019 its value reached $35 billion, meaning a loss of 47 percent.

“In the past four years, not only has it been possible to recover all this sharp decline, but the FGS has surpassed its previous peak. In this way, in November 2023 it reached the highest value in its history 76 billion dollarsThey added, “This means an increase of 117 percent compared to the same month in 2019.”

Current regulations state that “the fund must be valued at the official wholesale exchange rate; But the increase is also verified in financial exchange rates.”

In particular, the value of the shares at the end of November 2019 amounted to $3.7 billion, and at the end of November 2023 the said value amounted to $13.1 billion, which means that there An increase of 254 percent throughout the current administration.

In November 2015, the participation of productive enterprises in the amount administered by the federal government reached its highest level, reaching 12.9%. But “at the end of 2019, there was a significant decline in investment, reaching 3.8 percent.”

At the beginning of the current administration, in light of the pandemic and the impossibility of making productive investments, it decreased to 1.5 percent. The official report indicated, “But, as of June 2021, it began to regain its participation until it currently reaches 4.8 percent, exceeding the previous government’s record.”

In this way, the current management of Anses, in charge of FGS, obtained “the best valuation in the history of the investment fund”. And It achieved an important recovery in productive projects. “This made it possible to enhance employment and ensure the effective functioning of the Argentine Retirement System Support Fund,” he added.

In line with the goals of financial inclusion, “policies were implemented that facilitated access to ANS loans for retirees and pensioners, which contributed to improving the quality of life of this segment of the population.”

In addition, the report highlighted that “the participation of small and medium enterprises in accessing finance has been actively promoted, strengthening the federal government as a key pillar of economic development at the local level.”

In parallel, “improvements in risk assessment and governance of the FGS have been implemented. These measures contributed to enhancing investor confidence and establishing the FGS system as a standard in managing investment funds at the international level.