More than half of Argentina’s 46 million population is now living in poverty, new figures indicate. The poverty rate skyrocketed to 52.9% in the first half of 2024, surging from 40.1% one year earlier, according to the government’s INDEC statistics agency.

🎙️On today’s episode of Extra Credit…The credit department aims to maximize safe sales, requiring tough decisions. Denying credit is a last resort but sometimes essential.

Letters of Credit (LCs) are one of the most versatile and secure payment instruments used in international sales. However, securing an LC is becoming increasingly challenging in today’s global business environment. Credit professionals seeking letters of credit must now invest more time and resources in ensuring they meet evolving criteria.

As a credit manager, you’re no stranger to a thoroughly filled email inbox. Whether it’s an email from customers, team members or new credit applications, it can be hard to stay on top of all of it and even harder to keep it organized.

Whether you’ve started a new position, or your company has recently merged with another, you might have a hard time managing customers you inherit from previous credit managers. Regardless of how you’ve gained these customers, there are several problems that might arise.

The Certified Credit and Risk Analyst (CCRA) is an academic-based credential that signals mastery in analyzing and interpreting financial statements—skills that are at the core of B2B credit management.

As more companies aim to expand regionally and globally, credit professionals must be ready for the unexpected. Earning designations through NACM’s Professional Certification Program provides credit professionals with the essential knowledge and tools to navigate any challenges that may arise.

Earning your credit business associate (CBA) designation takes dedication, with many dividing time between work, family and coursework in order to take this big step in their career development. Maria Nicholson, CBA, assistant market credit manager at Ferguson Enterprises LLC, (Newport News, VA), earned her CBA designation on a journey she found “intense but very gratifying.”  

Steep losses for the stock market and a slump in FDI to the lowest level in decades has brought added urgency to efforts by officials in Beijing to shore up confidence that the CCP regime is prepared to take the steps required to stabilize an economy that has shown signs of wobbling amid mounting difficulties for the crucial property sector. However, neither the measures unveiled in mid-May nor the more recent proposal to permit local governments to fund home purchases through an existing “special bond” program previously reserved for financing infrastructure and environmental projects has …