By BUUMBA CHIMBULUTHE K10 billion Targeted Medium-Term Refinancing Facility (TMTRF) still needs more flexible conditions to ensure that small businesses and households easily access the funds.The Bank of Zambia (BoZ) in April last year set up a K10 billion TMTRF aimed at cushioning the adverse effects of Covid-19 on enterprises and individuals, with the funds expected to be distributed for onward lending through commercial banks.Currently, the stringent conditions attached with accessing the TMTRF is limiting the impact the funding is supposed to have on the economy and economic growth, says Zambia Association of Manufactures (ZAM) Policy Analyst-Data and Evidence, Kasonde Chituta.Mr Chituta said for the TMTRF to have a strong effect on the Zambian economy and experience the economic growth, the funding needed to trickle down to the Small and Medium Enterprises (SME’s) and households, and spur domestic production as well as local demand.“The TMTRF funding therefore, failed to trickle down to the SME’s and […]
MAKE BANK OF ZAMBIA RELIEF FUNDS MORE ACCESSIBLE, PLEADS ZAMBIA ASSOCIATION OF MANUFACTURES
