CFI’s Isabelle Barres argues that there’s no one size fits all for moratoriums, and that clients must be given choice and transparency.
What’s happening in your markets? Are moratoriums being imposed? Were conditions clearly spelled out to clients? What about providers? Are moratoriums extending to them as well?
Tell us what you are seeing and experiencing!
In the case of Nepal, recently monetary policy issued by central bank has made certain provision regarding moratorium period. According to policy. The loan installment repayment and interest payment of least affected by COVID-19 on business/ profession have been extended up to Mid January 2021. If there were a medium affected business, this facility shall be extended to Mid April 2021. This shall be extended to Mid July, 2021 for the highly affected business by COVID-19.