Given the reluctance expressed by the banks because of the risks of non-performing loans, the State Investment Corporation will be providing a 50% guarantee for an overall amount of Rs 4.7 billion ,under certain conditions, on the loans to the affected economic operators under the two Schemes of the Bank of Mauritius,-the Special Relief Fund of Rs 5 billion and the Cash Reserve Ratio Special Account of Rs 4.3 billion.
Under ceratin conditions, they say ! Who will decide about that ?
Surely, it will be Lakwizinn that will be doling out public funds to the cronies which will ultimately be re-classified as bad debts (write-offs). Reminds me of a certain sordid MCCB and 2008-9's Sithanen-Mansoor Stimulus Package!!!
Surely, it will be Lakwizinn that will be doling out public funds to the cronies which will ultimately be re-classified as bad debts (write-offs). Reminds me of a certain sordid MCCB and 2008-9's Sithanen-Mansoor Stimulus Package!!!
