Argentina Inks Pension Fund Nationalization

Argentina Inks Pension Fund Nationalization

Argentina Funds

Argentina’s senate has approved the nationalization of pension funds, turning it into law. Analysts say the move will bring only short-term benefit to sovereign coffers. Some $24bn in assets will be transferred to Anses, the government social security agency, which according to Goldman Sachs economist Pablo Morra will increase the government’s revenues by around 1.4% of GDP. “This may offset the decline in revenues derived from the pullback in commodity prices and, if spending dis

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