"(This program) provides credit guarantees in the amount of up to 30 billion sols. For this, we had meetings of experts who collaborated, in addition to specialists from the Ministry of Economy and Finance," the president said in a statement.
The program, called Reactiva Peru, is aimed to provide loans to almost 350 thousand national companies. At the same time, 314 thousand of the companies employ less than 10 employees each.
“If the payment chain breaks (due to unemployment caused by the imposition of a state of emergency) and even more Peruvian companies go bankrupt, it will be an extremely difficult situation, so you need to provide these loans to the affected companies and make every effort to ensure that they survive this difficult moment.” - said President.
source: reuters.com
The program, called Reactiva Peru, is aimed to provide loans to almost 350 thousand national companies. At the same time, 314 thousand of the companies employ less than 10 employees each.
“If the payment chain breaks (due to unemployment caused by the imposition of a state of emergency) and even more Peruvian companies go bankrupt, it will be an extremely difficult situation, so you need to provide these loans to the affected companies and make every effort to ensure that they survive this difficult moment.” - said President.
source: reuters.com