Regulatory Alerts2024-01-01
Bank of Zambia Stability and Resilience Facility
The Bank of Zambia has launched a K5 billion Stability and Resilience Facility to channel funds through eligible financial service providers for onward lending to viable agricultural businesses and entities affected by recent drought-induced electricity shortages. Effective December 30, 2024, the twelve-month funding window will be accessible to all heads of financial service providers under prescribed terms designed to mitigate sector-wide instability. This initiative directly addresses the economic disruptions caused by prolonged load shedding and reduced food production, thereby reinforcing overall price and financial system stability across Zambia.
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