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Republic of the Union of Myanmar Working Committee to address impact of Coronavirus Disease 2019 (COVID-19) on the Country’s Economy

Press Release 1/2021
17 March 2021

  1. The Working Committee to address the impact of Coronavirus Disease 2019 (COVID-19) on the Country’s Economy disbursed loans from the COVID-19 Fund with 1 per cent interest rate per year to businesses which are hit by the COVID-19 on 9 April 2020, and the loans which were taken out earliest will turn a year soon and the time comes to be paid off to the committee.
  2. To help the domestic businesses continue to run with the smooth financial flow, the State Administration Council has instructed the committee to extend the end of the loans period to six months from the set date.
  3. Hence, it is hereby announced to those who took out the loans from the COVID-19 Fund that the end of the loans period has been extended to six months from the date for returning the loan.

Source: The Global New Light of Myanmar

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