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{
    "id": 1026623,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1026623/?format=api",
    "text_counter": 339,
    "type": "speech",
    "speaker_name": "Kipipiri, JP",
    "speaker_title": "Hon. Amos Kimunya",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "As part of the response to COVID-19, we have seen similar initiatives in the USA and United Kingdom (UK) with partial financing for the employees for credit. With European Union (EU), a huge amount has been put to help businesses. So, we are joining the rest of the world to ensure that our people are insulated from lack of finance. The long and short of this is that our people will get access to this affordable credit, and I do not want to belabor that point. The Bill has provided safeguards that will be necessary to identify the right beneficiaries. It is also providing for the Cabinet Secretary to provide for regulations in terms of how it will be operationalised to ensure that they are adequately covered and we reduce the default risk. As I conclude, I want to commend the Departmental Committee on Finance and National Planning for moving with speed in reviewing this Bill, processing it to be ready for us to debate it, and sharing their Report which has already been uploaded for members to access."
}