The Australian Cabinet is seriously considering now extending a program for all citizens in Australia that provides guarantees to all local banks by the Australian Development Bank; All loans are interest free for one year instead of six months.
In a related context, according to what Australian news agencies revealed, "The move in that thinking by the Australian government comes in implementation of all directives of Scott Morrison, Australian Prime Minister, in order to support the private sector that was recently affected by the repercussions of the emerging Corona virus in all countries of the world, In Australia, in particular.
In this regard, the official statement came as follows: - In implementation of all directives of His Highness the Emir of the country to support the private sector affected by the repercussions of the Corona Virus (Covid 19), His Excellency the Prime Minister and the Minister of the Interior directed to extend the period of the National Security Program, which provides guarantees to all local Australian banks By the Development Bank, so that it becomes interest free for a full year instead of six months.
On the other hand, the Australian Development Bank had called, before that, to provide guarantees to all local banks, for interest-free loans for all companies affected by the consequences of the spread of the Corona virus.
For its part, the Australian government issued a new decision to close shops and stop all commercial activities except pharmacies and food supply and delivery stores, starting from the nineteenth of this month to the thirty of this month of May 2020.
The Australian Ministry of Health has announced that the number of confirmed cases of coronavirus in Australia has reached about 7068 cases as of 0730 local time Wednesday morning, according to data from Johns Hopkins University and the Bloomberg News Agency.
The data indicated that the total number of deaths reached 100, and 6,413 people infected with the virus have recovered since the first case was recorded in Australia about 16 weeks ago.