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AFJP

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AcronymDefinition
AFJPAdministradora de Fondos de Jubilaciones y Pensiones (Argentina)


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The third proposal is the immediate elimination of the private pension funds scheme called AFJP, and the unification of all pensions in a single system.
In Fitch's view, the nationalization of the AFJPs will heighten liquidity risks due to diminished investor perception of Argentina as well as increase funding costs to the corporates.
The AFJPs, combined with local private creditors, hold 38% of the defaulted debt.
 
 
 
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