The MBA is actively working with the Bank of Mauritius and other stakeholders to ensure that banks are able to support economic operators through the Covid-19 crisis. We welcome the Bank of Mauritius decision, on 5 January, to extend the BOM Support Programme until June 2021, and to re-issue the BOM Support Scheme for Households. We also welcome the positive engagement of the Mauritius Investment Corporation to ensure a coordinated approach in relation to support for systemic companies. The MBA is also maintaining an ongoing dialogue with the Bank of Mauritius regarding Banking Resilience, and is discussing a number of potential measures to ensure that banks remain resilient throughout the current situation. To date banks have proved resilient and there has not been a need for material regulatory forbearance; however, given the uncertain outlook, the Bank of Mauritius has deferred the last tranche of the implementation of the Capital Adequacy Ratio, and introduced some flexibility under the transitional measures for the implementation of IFRS9.