IMF Says Household Debt Defaults Pose No Risk to Economy
19 Articles
19 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 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.
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
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