+ A
A -
QNA
Doha
Upon the directives of the Amir HH Sheikh Tamim bin Hamad al Thani to support the economic and financial sector within the framework of the precautionary measures to combat the spread of the coronavirus (COVID-19), Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz al Thani on Sunday allocated guarantees to local banks worth QR3 billion.
The guarantees were in line with the Amir’s directives to support and provide financial and economic incentives worth QR75 billion for the private sector.
In a statement, the Qatar Central Bank (QCB) said the amount of QR3 billion comes within the support package for granting soft loans without commissions or fees for the affected companies to support salaries and rents through guarantees issued by Qatar Development Bank (QDB) to banks.
The Qatar Central Bank, in cooperation with the Qatar Development Bank, will set standards and mechanisms for the implementation of the plan.
Doha
Upon the directives of the Amir HH Sheikh Tamim bin Hamad al Thani to support the economic and financial sector within the framework of the precautionary measures to combat the spread of the coronavirus (COVID-19), Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz al Thani on Sunday allocated guarantees to local banks worth QR3 billion.
The guarantees were in line with the Amir’s directives to support and provide financial and economic incentives worth QR75 billion for the private sector.
In a statement, the Qatar Central Bank (QCB) said the amount of QR3 billion comes within the support package for granting soft loans without commissions or fees for the affected companies to support salaries and rents through guarantees issued by Qatar Development Bank (QDB) to banks.
The Qatar Central Bank, in cooperation with the Qatar Development Bank, will set standards and mechanisms for the implementation of the plan.
