The IMF Acknowledged that It Monitors the Increase in Late Payments in Argentina and Confirmed that the Third Revision of the Agreement Begins This Month

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The agency’s spokesperson noted that it does not, however, represent a significant risk to the country’s financial stability; “work continues to deepen the credit markets,” she said.

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Spokesperson Julie Kozack said the increase in arrears does not represent a significant risk to the financial system.

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The agency’s spokeswoman, Julie Kozack, argued that household indebtedness is low in relation to GDP and that banks have capitalization and provisions to cover default credits. The Fund again praised the government’s stabilization plan and supported the reform of the Central Bank’s Organic Charter.