Regulatory Alerts2020-01-01
Bank of Zambia Targeted Medium-Term Refinancing Facility
The Bank of Zambia issued Circular No. 14/2020 to establish the Targeted Medium-Term Refinancing Facility, effective April 15, 2020. The facility channels liquidity to eligible financial service providers for onward lending to priority sectors including agriculture, manufacturing, energy and tourism. This initiative strengthens financial sector resilience against the economic shock of COVID-19 while extending credit support to non-financial corporates and households.
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