The terms of the moratorium on maturities of corporate bank loans were detailed by the Ministry of Economy and Finance on April 22. Aimed at companies of all sizes, this measure consists in “suspending the reimbursement of loans contracted by the company with a banking establishment over a given period”
In announcing the effectiveness of the moratorium on bank credit maturities on April 22, the Ministry of Economy and Finance deemed it useful to review the contours of this aid mechanism for businesses. Aimed at supporting economic operators faced with the fall in their income following the Coronavirus crisis, this measure consists in “suspending the reimbursement of loans contracted by the company with a banking establishment over a given period”.
The moratorium concerns production units of all sizes, from large enterprises to very small enterprises (TPE) and very small industry (TPI), including small and medium enterprises (PME) and small and medium industry ( PMI). How to benefit from the measure of the moratorium on bank loan maturities? According to the ministry, “the company must send a request to its bank to request a moratorium of up to three months”. In case of refusal, said the administration of Jean-Marie Ogandaga, “the company can appeal to the Ministry of the Economy”. The appeal form can be downloaded online (economie-finances.gouv.ga).
