1. Press releases
Government extends Financing Schemes for One More Year at Revised Terms in tandem with Economic Recovery
28 December 2009
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GOVERNMENT EXTENDS FINANCING SCHEMES FOR ONE MORE YEAR AT REVISED TERMS IN TANDEM WITH ECONOMIC RECOVERY
The Government will extend for another year, the financing schemes under the Special Risk-Sharing Initiative (SRI) and the enhancements to existing financing schemes that were introduced at the onset of the global economic downturn. The extension will be on revised terms, taking into account improvements in the global economic situation and the Singapore economy. With this extension, the Government expects to support up to $8.4 billion of new loans till end-Jan 2011.
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MINISTRY OF TRADE AND INDUSTRY
MINISTRY OF FINANCE
28 December 2009