Rixi Moncada’s Campaign Hit by Credit Bureau Public Rejection
The proposal put forth by ruling party candidate Rixi Moncada, aiming to eliminate the Credit Bureau, sparked considerable opposition across various societal sectors, directly contributing to a decline in her electoral support. This initiative, championed during the LIBRE campaign, intended to streamline immediate credit access, based on the argument that the institution “oppresses the most vulnerable sectors.”Insights from Specialists and the Financial IndustryMoncada's proposal faced skepticism from economists and those involved in the financial system. Consultants and analysts warned that executing it might be unfeasible, potentially increasing financial instability and weakening the systems used to assess borrowers' creditworthiness.According to one…