Regulatory Alerts2021-01-07
Instruction No. 011-DOM/20 of 21 December 2020 amending exceptional refinancing instruments for enterprises, microfinance institutions, and gold sector operators
The Central Bank of Madagascar issued Instruction No. 011-DOM/20 on 21 December 2020 to amend the implementation schedules of three exceptional refinancing instruments established in September and November 2020. The directive modifies Article 4 of Instructions No. 005-DOM/20, No. 006-DOM/20, and No. 008-DOM/20 to specify that refinancing operations for enterprises, microfinance institutions, and gold sector operators will be conducted at most once monthly during the second, first, and third weeks of the mandatory reserve building period, respectively. These amendments take effect on 1 January 2021 and supersede any conflicting prior provisions.
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