From the standpoint of firms, loans will become less available. Should this lead to a reduction in business operations at a large number of firms, overall economic conditions will deteriorate in consequence. Some of these firms may go bankrupt due to a deterioration in their business conditions.
The strategy is intended for all consumers, and I am pleased to share that consultations have already started with our regulatees in Rodrigues for holding Train the Trainer sessions and financial literacy programmes for the benefit of our Rodriguan brothers and sisters. By the way our thoughts are with them in these dire times.