Economic Commission recommends moratorium extension to December amongst other
The Commission of Economy and Finance of the National Assembly proceeded to prepare a report that will be sent to the Legislative Plenary, which contains proposals to modify some articles of draft Law 287, which establishes economic and financial measures to counter the effects of the coronavirus.
The deputy Cenobia Vargas explained that among the modifications is to extend until December the period of moratorium or suspension of obligations and terms between individuals on all mortgage, personal and commercial loans, to retirees and credit cards, loans to transport sector and pledge loans.
"We obviously could not make codifications to the project in the Commission, but if we are submitting recommendations such as, for example, extending the deadline until December 31 so that people who are suspended their contracts or were terminated can rest assured that they are not going to have their properties irrigated,” explained Vargas.
She added that the project established that once the moratorium expired, citizens had 24 months to reach agreements with banks, and in the report prepared today it is recommended to leave that term open.
"As we do not know when we are going to culminate with the issue of the pandemic, that the client did not have that apprehension of having a limit to be able to reach an agreement, but we left it open, but those are recommendations that we have made to the Plenary so that tomorrow in the second debate the modifications can be made and that they are focused on how to help the population and take away the concern that they have at the moment about the payment of their properties, their vehicles and the loans they have," explained the deputy.
The Economy and Finance Commission prepared the report after completing the analysis and discussion of the partial objection made by the Executive on this bill that seeks to benefit Panamanians who have perceived a decrease in their income or who have terminated their labor contracts, to independent workers, as well as those small and medium-sized companies that have been forced to close their businesses, which would have a grace period to pay their economic commitments with banks and financial companies.
President of the National Assembly, Marcos Castillero, declared the extraordinary sessions called by the President of the Republic, Laurentino Cortizo, to discuss the open Bill 287 on Monday morning.
"We obviously could not make codifications to the project in the Commission, but if we are submitting recommendations such as, for example, extending the deadline until December 31 so that people who are suspended their contracts or were terminated can rest assured that they are not going to have their properties irrigated,” explained Vargas.
She added that the project established that once the moratorium expired, citizens had 24 months to reach agreements with banks, and in the report prepared today it is recommended to leave that term open.
"As we do not know when we are going to culminate with the issue of the pandemic, that the client did not have that apprehension of having a limit to be able to reach an agreement, but we left it open, but those are recommendations that we have made to the Plenary so that tomorrow in the second debate the modifications can be made and that they are focused on how to help the population and take away the concern that they have at the moment about the payment of their properties, their vehicles and the loans they have," explained the deputy.
The Economy and Finance Commission prepared the report after completing the analysis and discussion of the partial objection made by the Executive on this bill that seeks to benefit Panamanians who have perceived a decrease in their income or who have terminated their labor contracts, to independent workers, as well as those small and medium-sized companies that have been forced to close their businesses, which would have a grace period to pay their economic commitments with banks and financial companies.
President of the National Assembly, Marcos Castillero, declared the extraordinary sessions called by the President of the Republic, Laurentino Cortizo, to discuss the open Bill 287 on Monday morning.