Corporate debt: CPME calls for a PGE 2.0

The employers’ organization suggests aggregating the debts and receivables of companies accumulated during the Covid under one and the same EMP. The goal: to reschedule the repayment deadlines over time and maintain the ability to rebound after the crisis.

Creditors could also find their account there, by immediately recovering their money without having to fear a possible default of their customer.

It’s a proposal that is already a few weeks old, but it is even more relevant as the crisis drags on, and activity restrictions extend. At the start of 2021, the Confederation of Small and Medium-Sized Enterprises (CPME) is putting back on the table its idea of ​​grouping all the debts and receivables of a company accumulated during the Covid under one and the same loan in the form of a government guaranteed loan (PGE).