VALLETTA, June 14 (Xinhua) -- The Malta Development Bank (MDB) on Tuesday launched a 150-million-euro (156 million U.S. dollars) Emergency Liquidity Support Guarantee Scheme (LSGS) for businesses in response to the Ukraine crisis.
In a statement, the bank said the scheme is targeted toward all impacted businesses, with specific measures aimed at fuel and oil importers.
This is the second emergency liquidity support measure of an aid package that was adopted in response to the Ukraine crisis. The first measure supported grain imports.
The LSGS consists of two measures: one is open to all undertakings affected by the crisis, while the other specifically targets fuel and oil importers.
Under both measures, the facilities benefit from an interest rate subsidy of up to 2.5 percentage points on the outstanding amount of the working capital loan. The maximum term of loans is six years. (1 euro = 1.04 U.S. dollar)