{"id":116432,"date":"2020-09-06T12:53:25","date_gmt":"2020-09-06T16:53:25","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=116432"},"modified":"2020-09-24T08:22:58","modified_gmt":"2020-09-24T12:22:58","slug":"pm-to-meet-with-banks-this-week-to-seek-6-month-extension-of-moratorium-on-loans","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/pm-to-meet-with-banks-this-week-to-seek-6-month-extension-of-moratorium-on-loans\/","title":{"rendered":"PM to meet with banks this week to seek 6-month extension of moratorium on loans"},"content":{"rendered":"
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Prime Minister Gaston Browne will be meeting with local banks early this week to seek an extension of the moratorium on loans. currently in place for individuals.<\/p>

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The Prime Minister said contact has already been made with the Governor of the Eastern Caribbean Central Bank and efforts are now underway to finalize the meeting with the local banks.<\/p>\n

\u201cIn fact, up to today I tried to reach Mr. Michael Spencer, president of the Bankers Association to have a meeting with the bankers between Monday and Tuesday to get their full concurrence for them to extend the moratorium on loans for individuals, probably extend it for another six months because there\u2019s still a significant amount of displacement,\u201d the Prime Minister said on Saturday.<\/p>

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\u201cThe Central bank is in agreement and I believe that they will be arranging a meeting of the Monetary Council for us to get consensus of the members of the Monetary Council.<\/p>

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\u201cBut certainly in our case we\u2019re taking the lead to make sure that all our banks are on board and to extend the moratorium that there\u2019ll be no repossession during this critical period.\u201d<\/p>\n

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Prime Minister Gaston Browne will be meeting with local banks early this week to seek an extension of the moratorium on loans. currently in place for individuals. The Prime Minister said contact has already been made with the Governor of the Eastern Caribbean Central Bank and efforts are now underway to finalize the meeting with […]<\/p>\n","protected":false},"author":3,"featured_media":111627,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,5],"tags":[],"class_list":["post-116432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"\nPM to meet with banks this week to seek 6-month extension of moratorium on loans - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/pm-to-meet-with-banks-this-week-to-seek-6-month-extension-of-moratorium-on-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM to meet with banks this week to seek 6-month extension of moratorium on loans\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Gaston Browne will be meeting with local banks early this week to seek an extension of the moratorium on loans. currently in place for individuals. 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