Government and banks reach an agreement to support flood victims

Meeting between bankers and the Ministry of Finance Photo: Ministry of Finance and Public Credit

Government and banks reach an agreement to support flood victims

TL;DR

  • The Colombian government and banks have agreed on relief measures for flood victims.
  • The agreement includes payment deferrals, reduced interest rates, and new productive credit lines.
  • The initiative replaces previously announced compulsory investments by the president.
  • The program, named 'Abrigo,' aims to provide immediate financial assistance and support recovery.
  • No negative impact on credit history is expected; legal and pre-legal collections will be suspended.

Weiter zum Originalartikel