Type of Intervention: Financial and Economic
Sectors Involved: Central Bank, Finance/Economy, Private Sector and Businesses
Level of Jurisdiction: National
Lead People/Agency: Bulgarian National Bank
Overview: The management board of the Bulgarian National Bank has approved a procedure for deferring and settling outstanding liabilities to commercial banks in light of the state of emergency introduced in Bulgaria on March 13, 2020. According to the document, credit obligations could be deferred for up to six months because of the Covid-19 crisis. Only good payers will be able to exercise the right to defer credit payments.
Full details here: https://www.bnb.bg/PressOffice/POPressReleases/POPRDate/PR_20200410_EN
Type of Justification: Perception of an increased threat