81. Commercial bankers privately say they are wary of extending new credit because of the danger of picking up more bad debt. 82. Concepcion said government planned to maximize rice output in areas not prone to floods by extending credit. 83. Consequently, they have been refusing to extend credit even to healthy companies, leaving them unable to purchase raw materials. 84. Government will extend credit to rice and corn farmers to enable them to accelerate planting with the recent arrival of rains, a senior official said yesterday. 85. He added that he hoped there would be postponements in the form of continuing resolutions to extend government credit until a solution is found. 86. He said banks had been told to extend credit to companies that were still actively exporting. 87. He would not disclose which bank had extended credits to the consortium. 88. His bank stopped issuing large loans to the corporate sector last December, but still extends limited credit to small firms. 89. In Tirana, the government on Monday decided to extend long-term credit to families who sold their apartments to invest in the schemes. 90. It offered to extend export credit to help Indonesia work through its economic woes, which include high unemployment and inflation and a fragile currency. |