The IMF Said that the Growth of Late Payment in Argentina Does Not Represent a Risk to the Financial System - Diario Panorama
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Although Javier Milei’s government denies that debt is a concern, from the International Monetary Fund (IMF) they assured that they closely monitor the issue, although they ruled out that it is a financial risk for the country. “We are monitoring the recent increase in the late payment rates of households. No ... Read more
The spokesperson of the agency, Julie Kozack, said that the indebtedness of Argentine households is low in relation to the GDP. Although the irregularity in cards exceeds 12%, she assured that the financial institutions have the liquidity necessary to cover the defaults.
From Washington, the International Monetary Fund (IMF) supported the economic and financial direction of Javier Milei’s government, despite recent negative data from manufacturing and construction. The agency highlighted progress in fiscal matters, inflation, growth, poverty and reserves, and confirmed that the next review of the Argentine program will begin on [...]
He considered that it is low in relation to the region and that the banks are firm and well capitalized.
The International Monetary Fund (IMF) minimized the impact of the increase in late payments in Argentina and stressed that it is lower than that of other countries in the region, so it does not constitute a risk to the local financial system. The IMF statement came one day after the opposition to the government...
The agency spokeswoman said that they monitor the situation, but that the debt of the families is low in relation to the GDP. In addition, she stressed that the banks have the resources to cover the default credits.
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