Government is asking banks and landlords to defer certain aspect of payments from people who may be unable to pay or who may have lost their job due to the current COVID-19 crisis.
“It’s not forgiveness of the debt, only deferral,” Prime Minister Dr Keith Rowley said at Monday’s media briefing on the COVID-19 situation at the Diplomatic Centre, St Ann’s.
“We’re saying to the banks, we’re all in this together and togetherness will make this task easier,” he added.
While Government was handling its responsibilities on the crisis, he added it can’t be a normal situation for all else.
In the private sector, he said, there will be “opportunity and requirement.”
“We’ll ask them to make deferral on some aspect of payments for those unable to pay as a result of the virus. We’ll also ask banks if, in an emergency, the same can be done regarding credit card interest.”
Similar requests for emergency help will be made to landlords where tenants have lost their jobs.
“Experts tell us we could be in this situation going into June and the immediate effects could take us into October,” he noted.
Rowley said in recent days he’d been talking to people with their “hands on the economy’s lever.” He said he’d seen a good sign with some restaurants’ openess to providing free meals for needy people.
He added that the socially displaced, who were particularly vulnerable, pose a particular challenge in the COVID crisis and this was an area where the private sector, NGOs and others can assist with.
But he expressed disappointment with those still running certain places of worship despite the call against congregating.
“Some people believe they have a pipeline to heaven and God knows them personally— that won’t save you from the virus. Let’s not congregate: isolate, separate, be responsible,” Rowley said.
He said one of T&T’s strengths in the situation is the Heritage/Stabilisation Fund. Word on use of the fund will be known ahead butthe Attorney General’s division is ready in event legislative measures are needed.
Rowley accused Opposition Leader Kamla Persad-Bissessar of playing politics with the crisis after she wrote him seeking a meeting to discuss the pandemic. He asked if that was the same Opposition Leader who last Friday in Parliament loudly voted against his bid to deliver a statement on the impact of the virus.
“I’m not prepared to participate in any political grandstanding, right now I have a serious headache. I’m prepared to work with anyone in T&T’s interest but I have no time for games, I have serious business to do for the people”
Rowley said if the Opposition was willing to change from “underminers” and work with Government, his arms were open.
The PM said apart from the Andean Bank offering assistance, Government was prepared to access even International Monetary Fund assistance, but T&T isn’t “going to the IMF.”
—Gail Alexander