Regulatory Alerts2023-01-01
Banking and Financial Services (Green Loans) Guidelines, 2023
The Bank of Zambia issued the 2023 Banking and Financial Services (Green Loans) Guidelines to establish comprehensive standards for financial service providers offering green financing. The regulations mandate board oversight, defined senior management responsibilities, and robust risk assessment frameworks to ensure loan proceeds are allocated exclusively to eligible environmental projects. Financial institutions must implement strict tracking, annual borrower reporting, and internal compliance mechanisms while maintaining proportionality based on their size and complexity.
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