NZ Herald·4 min read·medium
Callaghan Innovation loan losses mount as MBIE takes tougher line
C
Chris Keall
✦AI Summary
New Zealand's Callaghan Innovation is taking a stricter approach to recovering loans issued to start-ups during the pandemic, as the agency prepares to wind down. Data shows that 42% of loan recipients have defaulted, with the government now pursuing legal action to recoup funds.
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