CRIB Relief Measures for Cyclone Ditwah Recovery 🌪️

The Credit Information Bureau of Sri Lanka (CRIB), guided by the Central Bank of Sri Lanka (CBSL), has launched a financial relief framework to assist individuals and businesses impacted by Cyclone Ditwah. These measures aim to protect the credit standing of borrowers facing temporary distress due to floods and cyclonic winds. • Credit Reporting Suspension: Payments delayed due to the disaster will not be flagged as overdue in credit reports for a period of up to six months. • Eligibility Period: Reporting under these relief guidelines is effective from 1 March 2026, ensuring that the credit records of disaster-affected entities remain stable. • Business Recovery: Financial institutions will categorize new loans granted for restarting operations as "recovery-linked," facilitating easier access to capital for SMEs and large enterprises. • Operational Transparency: While providing a buffer, CRIB noted that continued non-servicing of facilities outside the relief process will revert to standard reporting protocols. • National Context: This initiative is designed to prevent a credit crunch in affected regions, supporting employment and economic stability by maintaining a fair, transparent credit information system during the national recovery phase. _Note: Affected borrowers are advised to contact their respective financial institutions to formalize relief options._