Regulatory Alerts2022-01-01
Bank of Zambia Targeted Medium-Term Refinancing Facility Circular No. 07/2022
The Bank of Zambia announces that the K10 billion allocated under its Targeted Medium-Term Refinancing Facility has been fully exhausted. Originally introduced in April 2020 to support viable economic sectors and strengthen financial sector resilience during the pandemic, the facility provided liquidity to eligible financial service providers for onward lending. The central bank will now conduct a comprehensive assessment to evaluate the program's performance and determine its overall effectiveness against the initial policy objectives.
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