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CBJ extends SMEs’ moratorium until end of 2021
By JT - Nov 05,2020 - Last updated at Nov 05,2020
AMMAN — The Central Bank of Jordan (CBJ) on Thursday allowed beneficiaries of small- and medium-sized enterprises (SMEs) support programme in facing the COVID-19 crisis to defer their instalments until the end of 2021.
In a circular to banks, the CBJ said that the regulations of the programme at the Jordan Loan Guarantee Corporation had been amended in light of the negative impacts of the pandemic on various economic sectors to help them alleviate the crisis’ repercussions, the Jordan News Agency, Petra, reported.
The CBJ had launched the financial support programme with a value of JD500 million to enable SMEs to receive funds necessary to deal with the negative impacts of the virus and to help them maintain their employees.
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