Argentina

    Argentina's government may use money held by the country's social security agency to expand mortgage lending and help the construction industry as growth slows in South America's second-biggest economy, Clarin said. The government may set up a 1 billion-peso (USD 285 million) fund administered by state-controlled Banco Hipotecario SA that would extend 20-year mortgages at a 12 percent interest rate, Clarin said, without saying where it obtained the information. A decision on the fund could be made within 10 days, the newspaper reported. (Bloomberg)

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