Central Bank of Jordan extends SMEs’ moratorium until end of 2021

The CBJ said that the regulations of the programme at the Jordan Loan Guarantee Corporation had been amended in light of the negative impacts of the pandemic on various economic sectors

  
A general view of the Central Bank of Jordan in downtown Amman, Jordan July 2, 2019. Image used for illustrative purpose.

A general view of the Central Bank of Jordan in downtown Amman, Jordan July 2, 2019. Image used for illustrative purpose.

REUTERS/Muhammad Hamed

AMMAN — The Central Bank of Jordan (CBJ) on Thursday allowed beneficiaries of small- and medium-sized enterprises (SMEs) support programme in facing the COVID-19 crisis to defer their instalments until the end of 2021.

In a circular to banks, the CBJ said that the regulations of the programme at the Jordan Loan Guarantee Corporation had been amended in light of the negative impacts of the pandemic on various economic sectors to help them alleviate the crisis’ repercussions, the Jordan News Agency, Petra, reported.

The CBJ had launched the financial support programme with a value of JD500 million to enable SMEs to receive funds necessary to deal with the negative impacts of the virus and to help them maintain their employees.

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