Even though it was obviously a problem by the middle of 2025, President Javier Milei’s government didn’t start providing explanations for record-high delinquency rates until a few months ago. According to the most recent official data, total delinquency on private-sector credit was recorded at 7.6% in June. In comparison, the figure stood at 2.9% in … Read more
Household debt defaults are not a threat to Argentina’s economy, given that household debt levels are relatively low compared to other Latin American countries, stated International Monetary Fund spokesperson Julie Kozack on Thursday. “We are, of course, monitoring the recent increase in household delinquency rates. “We are, of course, monitoring the recent increase in household … Read more
On Wednesday, Argentina and China announced the extension of a multi-billion-dollar currency swap agreement for an additional five years, according to financial authorities. The 130-billion-yuan (roughly US$19 billion) agreement between Beijing and cash-strapped Buenos Aires has been in effect since 2009. The monetary authority is pursuing enhanced stability in anticipation of the forthcoming 2027 election. … Read more
