Cash aid better than interest waivers, say economists

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Cash aid will allow vulnerable groups to address their specific needs, says economist Geoffrey Williams.PETALING JAYA: As the economy reopens, direct cash assistance will be the most appropriate form of government stimulus to allow the people to capitalise on eased restrictions, economists say.The cash handouts would give people the liquidity they need to spend, generating business and revenue for firms that have endured months of slowed cash flow.Juita Mohamad, an Indo-Pacific Fellow at the Perth USAsia Centre, said targeted assistance would be more effective than interest waivers or artificially reducing borrowing costs.Juita Mohamad.“Targeted cash transfers to vulnerable groups are a great way to provide liquidity to households, but the groups and the amount given need to be carefully assessed to ensure the programme’s effectiveness.“If the waiving of interest during the mo…