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Malta Development Bank Tag

Working capital loans: Banks agree to cap interest rate at 3.5%

Government covering first 2.5% for first two years   The government has reached an agreement with all commercial banks to limit the interest rate on capital working loans to 3.5%.   The government has already announced a scheme whereby it will be covering the first 2.5% of the interest...

The right instrument at the right time

In normal times, the role of development banks is to address investment gaps, sometimes called market failures, by offering financing facilities and guarantees to support new investment in productive and viable operations where the commercial banks are unable or unwilling to accommodate on their own...