Hun Sen Asks MFIs to Defer Microloan Payments, Amid Factory Suspensions

Prime Minister Hun Sen on Monday asked microfinance institutions (MFIs) to defer payments or charge no interest for workers facing work suspensions at factories across the country, due the effects of COVID-19 on the economy.

Speaking at a road inauguration, Hun Sen asked the MFIs to find ways to defer payments for workers who were facing work suspensions, as factories temporarily shut down production on account of raw material shortages, especially from China.

The Ministry of Labor last week confirmed that around 33 factories, employing around 70,000 workers, had applied for work suspension from between 2 weeks to one month, affecting 18,000 of those workers.

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