The Central Bank (CBSL) has implemented several schemes to assist pandemic affected borrowers through Financial Institutions (FIs) supervised by the CBSL. The schemes included extended repayment periods, concessionary rates of interest, working capital loans, debt moratoriums and restructuring or rescheduling of credit facilities for affected borrowers. In line with the concessionary schemes implemented by CBSL, FIs have approved over 2.9 million requests for concessions amounting to Rs. Through this three schemes, CBSL processed 62,574 applications leading to the release of Rs. As stated by the CBSL in its six-month Road Map for ensuring macro-economic and financial system stability, a liquidity support grant of Rs.

Source: Sunday Observer November 14, 2021 02:27 UTC