Are there any transitional measures applicable to loans in the context of mitigation of the impact of the COVID-19 Pandemic?

Yes. To the best of our knowledge, the only loan-related measure approved in Equatorial Guinea to mitigate the impact of COVID-19 in the Country is the one provided under Decree 43/2020, where it is set forth that the Ministry of Finance, working with the Professional Association of Credit Institutions and Micro Finance Representatives, will put in place a strategy to repay the financial credits of Small and Medium-Sized Companies.

 

Who can benefit from these measures?

In principle, only SMC will benefit from said measure, as the provision of Decree 43/2020 mentioned above is included in a package of measures aimed at supporting companies that qualify as such. This said, we cannot rule out that when the measure is implemented it applies to more beneficiaries.

 

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This information is being updated on a regular basis.

All information contained herein and all opinions expressed are of a general nature and are not intended to substitute recourse to expert legal advice for the resolution of real cases.