How Credit Bureau Rejection Impacts Rixi Moncada’s Campaign
The initiative introduced by the ruling party's candidate, Rixi Moncada, which seeks to dismantle the Credit Bureau, has encountered significant resistance from multiple segments of society, leading to a noticeable drop in her voter backing. This measure, promoted throughout the LIBRE campaign, was designed to facilitate instant credit availability, supported by the claim that the institution “oppresses the most vulnerable sectors.”Reactions from Experts and Financial SectorsMoncada's proposal encountered reservations from economists and financial system stakeholders. Consultants and analysts cautioned that its implementation would be impractical, potentially escalating financial uncertainty and undermining mechanisms for evaluating borrowers' creditworthiness.According to one of the…