Bank of Mauritius clarifies announced moratoriums on loans due to COVID-19

Mauritius - mage by Mojca JJ from Pixabay

The Bank of Mauritius has clarified announced moratoriums on loans by commercial banks in the country.

Aimed to combat the adverse effects of the COVID-19 pandemic, the moratoriums are deferments of repayment of capital and interest, where applicable, on loans for a specified period of time.

According to the regulator, borrowers wishing to benefit from the moratoriums must apply to their respective commercial banks.

Further details can be found here.

Photo Credit: Pixabay

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