Central bank liquidity support to local banks has been extended
Loan repayment holidays have been extended to 2 years
Updated 58 min 57 sec ago
Arab News
April 15, 2021 12:13
DUBAI: Qatar’s cabinet on Wednesday agreed to maintain central bank liquidity support for local banks as it stepped up its economic response to the coronavirus pandemic amid a second wave of infections.
Exemptions have been granted from electricity and water fees until the end of September for sectors closed due to the pandemic, Gulf Times reported.
The National Guarantees Programme at Qatar Development Bank has been extended until the end of September, while an exemption from interest under the National Guarantees Programme has been extended by one year to two years, followed by two years of interest at no more than the Qatar Central Bank rate plus 2 percent.