Cheap housing loans form part of Argentina stimulus plan

Argentina is rolling out a major economic stimulus plan, using pension and treasury funds to provide nearly cost-free housing loans of up to 77,000 each to 400,000 people who have been closed out of private-sector borrowing.

Buenos Aires governor Daniel Scioli ordered all "non-productive" government-owned land to be made available to the programme President Cristina Fernandez de Kirchner announced hours earlier.