he Sustainability Guarantee Fund (FGS) of the National Social Security Administration (ANSES) It reached 76 billion US dollars“The highest value in its history during the current administration,” and from 2019 to 2023 it grew by 117%.
This is what Ans indicated in a statement, in which he highlighted that “In addition, financing for productive projects was increased, investment in small and medium enterprises was prioritized, and Ans credits for retirees and retirees were relaunched, exceeding record levels that turned FGS into the largest grantor of personal loans in the system.” With 100% refund.
On the other hand, the organization confirmed that “during the period of the previous government (2015-2019), the value of FGS has almost halved.”He specified that “in November 2015, the value reached 66 thousand million dollars, and in the same month of 2019 it reached 35 thousand million dollars, i.e. a loss of 47%.”
“In the past four years, not only has all that sharp decline been recovered, but FGS has surpassed its previous peak. In this way, “In November 2023, it reached the highest value in its history at $76,000 million, which means an increase of 117% compared to the same month in 2019.”Anas said.
The regulations indicate this The fund must be valued at the official wholesale exchange rate.
However, the organization confirmed that “the increase was also achieved in financial exchange rates.”
In particular, the value of shares at the end of November 2019 was US$3.7 billion, and at the end of November 2023, it was US$13.1 billion, which means an increase of 254% throughout the current management.
The Sustainability Guarantee Fund owns shares in 41 private Argentine companiesAlthough it stopped short of reporting how much these holdings represent within each company’s capital.
The main shareholders are Banco Macro (27.49% of total); Edenor (26.81%); Pan Natural Gas (26.63%); Cuyana Gas Distribution Company (26.12%); San Miguel (26.06%); Alternium (26.03%) and Consulting (24.88%).
It also has shares in Pampa Energía, Telecom, TGN, TGS, Metrogas, Naturgy, YPF, Cablevisión Holding, Molinos Agro, Molinos Río de la Plata, Mirgor, Grupo Financiero Galicia, Grupo Clarín, Ledesma, among others.
According to official figures, the participation of productive enterprises in the total FGS in November 2015 was able to reach its highest level, reaching 12.9%.
but, At the end of 2019, there was a significant decline in investment, reaching 3.8%.
At the beginning of the current administration, in light of the pandemic and the impossibility of making productive investments, it decreased to 1.5%.
However, as of June 2021, It began to regain its participation until it has now reached 4.8%, exceeding the previous government’s record.
The main productive projects, in which the federal government participated, were the urban development plan and housing plans in the departments of Chaco, Entre Ríos, La Rioja, Mendoza, Río Negro, Salta and San Juan.
As well as the completion of the Atocha 2 nuclear power plant, the Brigadier Lopez (Santa Fe) and Barragán (Ensenada) power plants of Enarsa, and the thermal power plants Manuel Belgrano (Campana), Tempes (Santa Fe) and Pilar (Córdoba); Seysville Road Plan; the Water Resources Master Plan and the Federal Flood Control Plan; AYSA water treatment plants, burial of Sarmiento railway line.
In this way, the current administration of Anas, In charge of FGS, he received “the best rating in the history of the investment fund It achieved an important recovery in productive enterprises, enhancing employment opportunities and ensuring the effective functioning of the Argentine Retirement System Support Fund.
