2020-01-01

Bank of Zambia Targeted Medium-Term Refinancing Facility Circular No. 16 of 2020

The Central Bank of Zambia issued Circular No. 16 of 2020 to establish a targeted medium-term refinancing facility for licensed financial institutions. This regulatory instrument mandates eligible banks and non-bank financial institutions to access medium-term liquidity through designated refinancing windows under specified collateral and interest rate parameters. The facility aims to enhance monetary policy transmission, stabilize short-term funding markets, and support sustained credit extension to the real economy.

Zambia

Bank of Zambia

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# BANK OF Z Z Z

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**OFFICE OF the document