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2 clusters · 12 sources · 9 days · First seen · Last updated

Debt and financial stability in Dominican Republic and AR

Overview

In the Dominican Republic, reports indicate a rise in informal credit, with the Superintendencia de Bancos noting that approximately 28.3% of new credit cards issued over a 12-month period were granted to individuals without formal income registered in the Social Security Treasury. In response to concerns regarding consumer debt, financial specialists have endorsed new regulations from the Monetary Board aimed at requiring banks to exercise greater responsibility when analyzing an applicant's ability to repay loans.

In Argentina, data shows a significant increase in delinquency, with 5.6 million people more than 90 days late on loan or credit card payments. In the province of La Rioja, over 70,000 people are in arrears, and more than 45,000 are classified as uncollectible debtors. While analysts link these trends to a recessionary context and declining formal employment, the Secretary of Finance has maintained a stance of fiscal discipline, asserting that consecutive fiscal surpluses and the cessation of monetary emission will ensure exchange rate stability through 2027.

Entities

Dominican Republic · Ana Brioso · Argentina · Libres del Sur · Secretary of Finance

Timeline

  1. [BUSINESS] 2 sources
    Financial stability and debt regulation discussed in Dominican Republic and Argentina

    Financial experts in the Dominican Republic support new debt regulation, while Argentina's Finance Secretary guarantees exchange rate stability through 2027.

  2. [BUSINESS] 10 sources
    Credit trends show rising informal and delinquent debt in Dominican Republic and Argentina

    New reports show rising credit challenges in Latin America: 28.3% of new Dominican credit cards go to informal workers, while Argentina sees 5.6 million people in significant debt arrears.

Sources

elciudadanoweb.com · eldinero.com.do · elfrente.com.co · eluniversaldigital.net · federalaldia.com.ar · infoparana.com.ar · mediosrioja.com.ar · minutomercedes.com · perfil.com · que.es · quepasaweb.com.ar · tucumandigital.com.ar