The IMF "Monitors" Household Credit Arrears, but Does Not Consider It "Significant Risk": when Is the Next Mission?

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The Fund's communications secretary, Julie Kozack, noted that the rate of arrears is lower than in other countries in the region and that banks have liquidity.She pointed out what priorities should be for the Government.

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Julie Kozack, spokeswoman for the agency, said household debt is around 8% of GDP and pointed out that banks maintain adequate levels of capital and liquidity. In addition, she confirmed the date of the next mission coming in September for the third review of the program. Read more

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While more than 40 initiatives linked to the indebtedness of families are being studied in the Argentine Congress, the International Monetary Fund (IMF) underestimated the increase in household arrears: “We don’t see that this entails a significant risk to Argentina’s financial stability,” said the agency’s spokesperson, Julie Kozack, at a press conference. Kozack On the mora, admitted that the IMF is following this variable closely, and justifi…