Tierra del Fuego Governor Gustavo Melella launched a debt relief program on September 1, 2026, offering lower interest rates and extended payment terms to families struggling with credit card and personal loan obligations. The initiative marks a sharp divergence from President Javier Milei’s austerity approach to household debt.
The program reduces credit card financing rates by 20 percent for roughly 30,000 customers of the provincial Bank of Tierra del Fuego and cuts personal loan rates by 10 percent, according to Infobea. It also provides financing for health expenses and essential products with up to 10 interest-free installments.
For households already in arrears, the bank will offer restructuring lines for those with…