Elimination of Credit Bureau the public rejection impacts Rixi Moncada’s campaign
The proposal by ruling party candidate Rixi Moncada to eliminate the Credit Bureau generated significant rejection among different sectors of society, directly influencing the decline in her electoral support. The initiative, promoted during the LIBRE campaign, sought to facilitate immediate access to credit, arguing that the institution “oppresses the most vulnerable sectors.”Insights from Specialists and the Financial IndustryMoncada'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 specialists consulted, "the proposal was perceived as populist…