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Moratorium on loan repayments to be extended to 2021

Finance Minister Clyde Caruana has announced the extension of the moratorium on loan repayments to 2021. Further details are yet to be announced, however the loan repayments will be extended for individuals, households and businesses who can prove they have been affected by the COVID-19 pandemic. The aforementioned categories will be able to request from their lender a pause in repayments.

Speaking to Times of Malta, Caruana said that the government “would like to make sure that people’s minds are at rest about this so they can focus on their businesses. People need liquidity and funding to make sure we keep the economy going and prevent businesses from shutting down.”