Panama declares loan payment holidays

Panama declares loan payment holidays

President Laurentino Nito Cortizo signed the order, which delays all loan payments due to the pandemic crisis. The banking sector is ready to implement such measures. The relevant entities and parties have recently come to this agreement. The loan moratorium will be on until December 31st, 2020.

The measure is applicable to mortgages, personal loans, small and medium-sized enterprises, agricultural sector, commercial, transport and credit cards.

Pr. Cortizo also added that the law # 287 delays the payments of telephone services, the Internet and the electricity. The measure is estimated to help people save their balboas, the Panamian currency. 

Contact Information

Other Information

Other Categories:

Finances » Economy

Related Listings:
Bankruptcy wave is to hit Russia towards yearend
Segway – End of the legend?
Indignant Spanish workers wait for payment


View All


Featured Listings