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MercoPress, en Español

Montevideo, July 25th 2026 - 05:10 UTC

Tag: María Antonieta Alva

  • Friday, October 2nd 2020 - 09:09 UTC

    Consumers' debts threaten the Peruvian banking system

    Economy Minister María Antonieta Alva said banks were increasingly under pressure as Peruvians have struggled to pay mortgage, consumer and small business debts.

    Peru's economy could plummet by more than 20% if unpaid consumer debts continue to mount, a scenario the government hopes to stave off with an emergency plan to reschedule troubled loans with state guarantees, the government said on Thursday.