Pakatan regrets PM taking credit for B50 interest waiver agreed in MOU
“In fact, this exception is described as the government’s idea, even though it is the consistent stand of PH, which was implemented in the spirit of fulfilling the matters contained in the MOU.
The statement was jointly signed by PKR president Anwar Ibrahim, DAP secretary-general Lim Guan Eng, Amanah president Mohamad Sabu, and Upko president Wilfred Madius Tangau.
Nonetheless, PH welcomed the three-month interest exemption on bank loans for B50 groups, calling it a win for the people.
Yesterday, Ismail said the Financial Management and Resilience Programme (Urus) for affected borrowers in the B50 group will be set up by the banking sector soon.
He said facilities to be provided include interest exemption for three months and smaller instalments for up to 24 months as well as a lower interest rate.
Urus is a comprehensive financial aid initiative that will be offered to affected borrowers from the B50 group – those with a gross household income of less than RM5,880 a month.
The council clarified that the government was initially not receptive to PH’s proposal to provide interest payment exemption to borrowers from this group.
They said that key leaders of PH did not only have a series of meetings with Finance Minister Tengku Zafrul Tengku Abdul Aziz on the matter but also with chief executive officers of commercial banks.
“Although there were initially concerns on the part of the banks, however, after the series of meetings that took place and the views of the PH leadership were clearly communicated, the prime minister agreed with our stand and finally this policy was implemented.
“This is a victory for the people,” the council said.
Despite being shunned, PH said it will continue to play a balancing and decisive role in bringing the voices of the people inside and outside Parliament in order to address the Covid-19 pandemic, overcome the economic crisis and save lives and livelihoods.
THE MALAYSIAN INSIGHT