IMF Says Household Debt Defaults Pose No Risk to Economy
20 Articles
20 Articles
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.
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.
The agency’s spokeswoman, Julie Kozack, stressed the importance of debt growth in Argentine households. “Argentina must strengthen its economic resilience,” she said.
The director of Communications of the agency, Julie Kozack, said that the debt of the families is equivalent to 8% of the GDP and that for now it does not represent a significant risk to financial stability. The next mission of the Fund will arrive in the country on September 21. The local surveys show, however, a strong growth of indebtedness and late payments. The International Monetary Fund acknowledged this Thursday that it is monitoring the…
The agency noted that household debt is around 8% of GDP and supported reforms aimed at giving independence to the Central Bank.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
