Australian PM Tells Banks To Release Funds To Suffering Business

Australian PM Tells Banks To Release Funds To Suffering Business
Australian Prime Minister Scott Morrison talks to the media at Parliament House on April 11, 2019 in Canberra, Australia.Tracey Nearmy/Getty Images
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Australia’s Prime Minister Scott Morrison has urged the country’s four major banks to release funding for small businesses that have registered for its relief support package program, Jobkeeper.

“I am aware that there has been some frustration amongst businesses, in particular, in accessing bridging finance with banks. We are aware of that. I have no doubt the banks are aware of that as well and we need to be addressing that,” said Morrison in a joint interview with Treasurer Josh Frydenberg on April 23.
Victoria Kelly-Clark
Author
Victoria Kelly-Clark is an Australian based reporter who focuses on national politics and the geopolitical environment in the Asia-pacific region, the Middle East and Central Asia.
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