PM instructs DEF to defer loan payments for 6 months

AMMAN — Prime Minister and Minister of Defence Bisher Al Khasawneh has directed Social Development Minister and Acting Labour Minister and Chairman of the Development and Employment Fund (DEF) Ayman Mifleh to defer payment of its clients’ loan installments to help mitigate citizens’ economic hardships under the circumstances the Kingdom is going through due to the COVID-19 pandemic.

Khasawneh’s decision is in implementation of Royal directives to follow up on any measure possible to alleviate citizens’ burdens under prevailing circumstances, the Jordan News Agency, Petra, reported.

The fund, during a session held on Wednesday with the chairmanship of Mifleh, decided to postpone the payment of installments for six months without additional interest or Murabaha (an Islamic finance and investment instrument) unless lenders preferred to pay on time.

Mifleh said that the number of beneficiaries of the decision reaches 26,000.