The official text details that the FGS, through provisions, can invest a significant part of its assets in productive, real estate or infrastructure projects in the medium and long term.
Through Resolution 245/2024 from the National Social Security Administration (ANSES), published this Friday in the Official bulletinsome rules were modified for the creation of the Specific Affectation Fund for Argentine Recovery, Production and Development (AESPEC FUND).
Specifically, the creation of the Specific Affectation Fund for Argentine Recovery, Production and Development is mentioned under the administration of the Sustainability Guarantee Fund (FGS). This fund’s priority objective is to make investments that “promote the sustainability of the pension system and contribute to the economic development of the country”, as published in the official text.
The rule details that the FGS, through provisions, can invest a significant part of its assets in productive, real estate or infrastructure projects in the medium and long term. Additionally, it establishes that the fees of designated public officials in entities where the FGS has a shareholding, as well as other transfers, They will be allocated to the Sustainability Guarantee Fund.
Source: Ambito
