Regulatory Alerts2020-01-01
Changes to the Terms and Conditions for the TMTRF - Interest Rate
Bank of Zambia issued this schedule to define priority sectors under the TMTRF interest rate terms, aligning them with the Seventh National Development Plan. The directive designates agriculture, manufacturing, energy, and tourism as priority sectors, specifying criteria for primary crop and animal production, material transformation, renewable energy resources, and domestic tourism expansion. Financial institutions must allocate financing to these designated areas or obtain case-by-case approval from the central bank for alternative classifications.
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