The banks and the administrators Credit institutions presented this Tuesday the “Voluntary Debt Restructuring Program”, a tool that seeks to regularize the credit situation of up to 780,000 debtorsan announcement that calls into question the continuity of the plebiscite promoted by Town meeting.
Yesterday the Central Bank of Uruguay (BCU) and the Consumer Defense Unit of the Ministry of Economy and Finance (MEF) announced the program, which claims to respond to a “photograph of the credit market” in it Uruguay and which aims to regularize 780,000 debtors.
From this, the leader of Town meeting He posted a celebration on his social networks for the measure. “It seems that the effort of so much time is beginning to bear fruit. Hopefully, a good part of the hundreds of thousands of Uruguayans considered irrecoverable debtors can be “resurrected” in the financial system. Congratulations to those who never gave up,” he commented on his X account.
Will the Cabildo Abierto plebiscite continue?
Faced with the announcement of restructuring, the leader of Town meeting He assured that the political force will continue with the initiative. Manini assured that they will continue with the plebiscite since “there is still a long way to go to end usury,” as he confirmed to Montevideo Portal.
In addition, Manini Ríos explained that the measure does not include the debts of the Hipotecary Banc. “The debts with the State are tremendous, it is often the greatest representative of usury. That is why we will continue forward,” he said.
The plebiscite would be voted on in 2025
The senator and presidential candidate of CA, Guido Manini Ríosannounced in a press conference in mid-May that the political force had collected some 312,825 signatures, but that this number does not give them the assurance that the more than 275,000 signatures needed to hold a plebiscite can be validated.
“We have decided to continue collecting signatures, so that we can ensure that there will be a plebiscite, that there will be a decision,” Manini Ríos stressed, adding: “It will not be in the runoff stage, the deadline for which expired tomorrow (Friday) so that we can be there on time, it will be in the stage that follows.”
In this regard, the legislator from the City Council stated that his party “will comply with the Constitution of the Republic,” which states that plebiscites are carried out in the most immediate election six months after the signatures are submitted.
Source: Ambito
