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Action will be needed, too, to mitigate the scale of loan repayment.
It raised questions about how we mitigate the potential negative impacts of giving loans to people who haven't had loans before.
The first is whether agricultural households in rural Philippines use remittances from OFWs, along with loans, and assets to mitigate the effect of negative shocks to their income.
Measures to mitigate the risk of possible, future, non-performing loans (NPLs) accumulating due to the recessions brought about by the 2008 financial crisis were approved by the Parliament, with 426 votes to 151 and 22 abstentions.
Amin and Freund also make the point that that some sort of loan scheme might be an effective means of mitigating the loss of skilled medical personnel [ 30].
Some analysts welcomed the announcement of ultra-cheap loans to banks, hoping they could mitigate the impact of ultra-low interest rates, which create difficulties for commercial banks by making it harder for them to lend profitably.
If you have Federal student loans, research repayment and debt forgiveness plan options that can mitigate the debt.
But it could help mitigate the damage.
Time could also mitigate the problem.
"Does it mitigate the damage completely?
How to mitigate the risks?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com