25 Mar 2020; MEMO: Kuwait has taken a number of measures to support small and medium-sized companies and individuals to face the economic consequences of the coronavirus pandemic.
The Kuwait Banking Association said in a statement that it has decided to postpone the repayment of loans and credit card facilitations for small and medium-sized companies for six months, as well as interest.
The association has also postponed the repayment of credit card instalments for individuals for six months and cancelled interest accrued as a result of the postponement.
Earlier, the Kuwaiti National Assembly passed a law vowing a 10-year prison sentence and a fine of up to KWD 30,000 ($100,000) against coronavirus patients who are aware of their infection and hide it and transmit it to others.
According to the Kuwaiti Health Ministry the country has a total of 191 confirmed cases of COVID-19 including 152 who are currently receiving medical care.
