Persons with loans who were at risk of defaulting during the COVID-19 pandemic benefitted from policies implemented by the Government, the Inter-American Development Bank (IDB) noted.
Approximately US$69m worth of loans benefited from the relief measures.
In its quarterly report on the Caribbean dated August 2021, the IDB said that main policy tools introduced by the Bank of Guyana were extending debt payment schedules and reduced interest rates for certain loans. The report noted that the relief period was introduced in 2020 and continued through June 2021.
