Milei’s cuts are complicating the collection of credit in Argentina
President Javier Milei’s austerity drive has contributed to stabilizing Argentina’s economy; however, financial pressures continue to escalate for both consumers and businesses. In recent weeks, banks have begun to observe initial indications of credit deterioration. In March, overdue credit card balances rose to 2.8 percent, marking the highest level in three years. Simultaneously, defaults on personal … Read more