Argentina was consolidated as one of the most growing countries in the balance of guarantees during 2024, with an increase of 122%despite the fact that the regional scenario is of a moderate adjustment after the expansion stage by emergency programs during the pandemic. The data is detached from a report of the statistical observatory of the guarantee systems in Latin America, presented in Bariloche in the framework of the XXVIII Ibero -American Guarantees and Financing Forum.
At the Latin American level, living guarantees added U $ S43,543 million in 2024, with an 8% drop compared to the previous year, while the mobilized credit reached U $50,978 million.
In contrast to regional decline, Argentina registered a significant leap of 122% in its guarantee balance, consolidating itself as one of the countries with the greatest dynamism together with Costa Rica and Spain. Luz Stella LozanoGeneral Secretary General and presenter of the data of the statistical observatory of the guarantee systems, stressed that this advance is due to the strengthening of local guarantee funds and a greater institutional commitment to expand access to financing.
“Today we can no longer talk about financing without guarantees. They are the market the thermometer and reflect the solidity of support for SMEs.”said the head of Water during her presentation.
What are guarantees systems?
Guarantee systems are financial tools that support micro, small and medium enterprises (MSMEs) in access to credit to through guarantees or reafianzamientos.
In this way, guarantees reduce the risk for financial entities and facilitate companies to obtain better conditions.
As for the Argentine guarantees system – integrated by Reciprocal Guarantee Societies (SGR) and provincial funds – it became an anti -cyrical instrument: during the health crisis it supported the liquidity of thousands of small and medium enterprises, and now promotes recovery by facilitating productive credit.
Globally, guarantees represent a growing weight in financial markets. According to Lozano, five countries concentrate 84% of the balance of living guarantees: Spain with a value of US $ 19,205 million (26.3% of the total), Brazil u $ s10,985 million (15.1%), Mexico U $ s10,571 million (14.5%), Portugal US $ 10,180 million (14%) and Colombia US $ 10,045 million (13.8%).
Argentina was well below with 3.2% and about US $ 2,310 millionAlthough it is worth noting that it is a late start and that it is now consolidating significant growth.
Regarding direct impact, the system allowed millions of SMEs to access financing in more competitive conditions. Although in Argentina there is a slight decrease in the number of beneficiaries, the magnitude of growth in guarantees and mobilized credit shows an average volume per operation, which translates into larger -scale projects.
The General Secretary of Rarde anticipated that 2025 will be a year of plateau, with less growth in growth in global economic volatility, but highlighted the importance of continuing to innovate in guarantee products for strategic sectors.
In conclusion, the Argentine case appears as an example of how a solid guarantee system can be decisive to multiply access to SME credit, promote financial inclusion and strengthen productive fabric in uncertainty contexts.
Source: Ambito
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