TRANSFORMATION: State-run lenders would be asked to extend loans at favorable rates capped at 2 percent on top of benchmark policy rates, the finance minister said
Taipei Times
Date: Jun 17, 2020
By: Crystal Hsu / Staff reporter
Minister of Finance Su Jain-rong speaks at a media briefing in Taipei yesterday.
Photo: Wu Chi-lun, Taipei Times
The ministry would act as an integrator in facilitating the loans that might be available for a year after the COVID-19 outbreak has stabilized, Minister of Finance Su Jain-rong (蘇建榮) told a media briefing.
The government is mobilizing resources to help local firms recover from the virus shock and grow stronger on the world stage, Su said.
State-run lenders would be asked to offer loans totaling NT$1 trillion at preferential interest rates, capped at 2 percent on top of benchmark policy rates, he said. [FULL STORY]
