PM to meet with banks this week to seek 6-month extension of moratorium on loans

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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 the local banks.

“In 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’s still a significant amount of displacement,” the Prime Minister said on Saturday.

“The 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.

“But certainly in our case we’re taking the lead to make sure that all our banks are on board and to extend the moratorium that there’ll be no repossession during this critical period.”

8 COMMENTS

    • A sound like a 🤡. U do realize a lot of people are still not working and they owe the bank. Not because ur bread well buttered on both sides.

  1. @ BLACK MAN
    Our Prime Minister can adapt to any occasion. The Facial expression in this photo is just to show the more serious side of our Hon. Gaston Browne. Hope this put you ( BLACK MAN ) at ease. By the way BLACK MAN why don’t you change your name to ( MR.NEGATIVE) ? You are too negative .

  2. @Rupert Mann:Good to see you have identified yourself.The question was answered by you freely.I suspected you were a Red Kool Aid Drinker.However,unlike many on this medium.I do not read minds.

  3. Am I being censored. Why was my comments not posted in response to BlackMan. You can send me an email to advise why it was censored.

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