Maldives President Ibrahim Mohamed Solih confirm deferment of MVR13.4 billion worth of loans.
Earlier, Maldives government made the announcement of a loan moratorium to provide relief for local businesses and individuals.
The moratorium came into effect amid the Covid-19 pandemic led economic regression.
Moreover, President Solih on Tuesday’s conference confirms of total 22,973 loan moratorium requests from applicants. This is a total of MVR16.7 billion worth of loans.
Furthermore, President confirms 16,501 of the applicants have their requests approved for the moratorium.