Deferred loans signal deeper economic trouble
As the nation takes stock of its economic health, a troubling figure demands urgent attention. As of now, loans worth Nu 33 billion remain under deferment. Nearly 6,000 borrowers—ranging from large hotel chains to small business owners—are unable to meet their repayment obligations. Of that total, a staggering Nu 13 billion is tied to the hotel and tourism sector alone. For a country with a GDP of
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