8 Articles
8 Articles
Ecuador authorizes a delay of up to 90 days in the payment of credits to those affected by El Niño
This will allow beneficiaries more time to reorganize their finances before continuing with the payment schedule.
In turn, the financial system must be vigilant and act quickly. In some cases it will be necessary to resort to new credits or to the refinancing of those granted in instalments, the number of quotas and, in some cases, support for the interest rate.
The Government of Daniel Noboa notes that the measure benefits the agriculture, fisheries and trade sectors following devastating floods in the country.
Quito, 5 Nov (Prensa Latina) Ecuador's President, Daniel Noboa, today ordered a delay of up to 90 days in the credit obligations of people affected by the rains associated with the El Niño phenomenon. The post President of Ecuador has deferred credits by El Niño first appeared on Noticias Prensa Latina.
President Daniel Noboa issued Decree 529 to allow the postponement of credits of up to 90 days due to the effects of the El Niño phenomenon.
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