CB extends tourism sector debt moratorium by 6 months | Daily FT

The Central Bank has extended the debt moratorium granted for tourism industry by another six months from 1 April. The extension is granted to provide adequate time for borrowers to come up with proposals for a long-term arrangement, the Central Bank said yesterday, issuing a circular to all licensed commercial banks and licensed specialised banks to The extension was considered by the Central Bank after much lobbying by the stakeholders of tourism industry with a view to meet the challenges faced by the businesses and individuals engaged in sector, which was most-impacted by the COVID-19 pand…

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HEDGE accordingly