The New Zealand Cabinet is seriously considering now extending a program for all citizens of New Zealand that provides guarantees to all local banks by the New Zealand Development Bank; All loans are interest free for one year instead of six months.
In a related context, according to what New Zealand news agencies revealed, "The move in that thinking by the New Zealand government comes in implementation of all the directives of Scott Morrison, the Prime Minister of New Zealand, 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 New Zealand, in particular.
In this respect, 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 Interior directed the extension of the period of the National Security Program, which provides guarantees to all local New Zealand banks By the Development Bank, so that it becomes interest free for a full year instead of six months.
On the other hand, the New Zealand 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 New Zealand 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 New Zealand Ministry of Health has announced that the number of confirmed infections of the Coronavirus in New Zealand has reached about 7068 cases as of 0730 Wednesday morning local time, according to data from the 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 New Zealand about 16 weeks ago.