{"id":6232,"date":"2026-10-13T13:25:07","date_gmt":"2026-10-13T16:25:07","guid":{"rendered":"https:\/\/canal8.info\/?p=6232"},"modified":"2026-10-13T13:07:26","modified_gmt":"2026-10-13T16:07:26","slug":"reforma-del-mercado-de-capitales-el-gobierno-promete-mas-credito-pero-los-analistas-advierten-que-los-efectos-tardaran","status":"publish","type":"post","link":"https:\/\/canal8.info\/?p=6232","title":{"rendered":"Reforma del mercado de capitales: el Gobierno promete m\u00e1s cr\u00e9dito, pero los analistas advierten que los efectos tardar\u00e1n"},"content":{"rendered":"

El Gobierno de Javier Milei prepara el env\u00edo al Congreso de una reforma del mercado de capitales, a cargo del ministro Federico Sturzenegger. Seg\u00fan la fuente, el proyecto contiene 11 modificaciones: cambia el sistema de garant\u00edas, simplifica los procesos de emisi\u00f3n y desregula instrumentos de financiamiento para empresas y pymes. Tambi\u00e9n toca la Ley de Fondos Comunes de Inversi\u00f3n, las Obligaciones Negociables, los fideicomisos, los pagar\u00e9s y las tarjetas de cr\u00e9dito. Antes de aplicarse, deber\u00e1 obtener el aval de los legisladores.<\/p>\n

Una de las novedades es que se podr\u00e1n emitir bonos corporativos en UVA, es decir, atados a la inflaci\u00f3n. Pablo Lazzati, de Insider Finance, sostiene que esto, junto con las autorizaciones autom\u00e1ticas y los menores plazos, abaratar\u00e1 y agilizar\u00e1 el financiamiento para las pymes. Remarc\u00f3 que hoy el mercado de capitales representa solo entre 7% y 8% del PBI.<\/p>\n

Los especialistas coinciden en que el efecto no ser\u00e1 inmediato. Gustavo Ber se\u00f1al\u00f3 que en el corto plazo el mercado seguir\u00e1 atado a la coyuntura pol\u00edtica y a la evoluci\u00f3n de la inflaci\u00f3n y de la actividad. Gast\u00f3n Lentini advirti\u00f3 que, si se expande el cr\u00e9dito sin recaudos, puede haber problemas de impago, como ocurri\u00f3 con las familias a mediados de este a\u00f1o, aunque cree que el riesgo ser\u00eda menor si se orienta a empresas.<\/p>\n

Por ahora, la reforma depende de su tratamiento legislativo, de la reglamentaci\u00f3n y de la estabilidad macroecon\u00f3mica. Para las pymes del norte salte\u00f1o, el beneficio depender\u00e1 de que el cr\u00e9dito llegue efectivamente a la econom\u00eda real.<\/p>\n

Con informaci\u00f3n de iProfesional<\/a>. Nota original: \u00abAnticipan m\u00e1s cr\u00e9dito y mayor flujo en acciones con reforma del mercado de capitales\u00bb. Imagen: iProfesional.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

El Gobierno nacional enviar\u00eda al Congreso un proyecto con 11 modificaciones para financiar empresas y pymes. Los especialistas ven beneficios a mediano y largo plazo, con poco impacto inmediato.<\/p>\n","protected":false},"author":1,"featured_media":6233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","subtitle":"","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"no-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_prev_next_post":"1","show_comment_section":"1","number_popup_post":"2","show_author_box":"1","show_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-715","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_social_meta":[],"jnews_paywall_metabox":{"paragraph_limit":"2","enable_premium_post":"0","enable_free_post":"0","override_paragraph_limit":"0","override_unlock_quota":"0","unlock_quota":"1","enable_preview_post":"0","enable_preview_video":"0"},"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":"","jetpack_publicize_message":"{title}\r\n\r\n{excerpt}\r\n\r\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"fullscreen","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[39],"tags":[355,289,636,407,638,637],"class_list":["post-6232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias","tag-credito","tag-economia","tag-mercado-de-capitales","tag-milei","tag-pymes","tag-sturzenegger"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"amp_enabled":true,"jetpack_featured_media_url":"https:\/\/canal8.info\/wp-content\/uploads\/2026\/10\/604792_landscape.jpg","_links":{"self":[{"href":"https:\/\/canal8.info\/index.php?rest_route=\/wp\/v2\/posts\/6232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canal8.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canal8.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canal8.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/canal8.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6232"}],"version-history":[{"count":2,"href":"https:\/\/canal8.info\/index.php?rest_route=\/wp\/v2\/posts\/6232\/revisions"}],"predecessor-version":[{"id":6351,"href":"https:\/\/canal8.info\/index.php?rest_route=\/wp\/v2\/posts\/6232\/revisions\/6351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canal8.info\/index.php?rest_route=\/wp\/v2\/media\/6233"}],"wp:attachment":[{"href":"https:\/\/canal8.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canal8.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canal8.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}