IT’S not a secret that the coronavirus pandemic is not only a health hazard but has also uprooted the world’s economy.Not one country, from the financial movers and shakers in the world to the struggling least developed countries have been spared.The catchword throughout the world has been how to stem the damage to not only individual countries’ economies but global financial markets.We want to applaud the Bank of Zambia (BoZ) for having pumped in a K10 billion medium-term refinancing facility to provide medium term liquidity which will be reviewed as conditions warrant.This is one of the comprehensive measures to safeguard financial system stability, promote the greater use of digital financial services and mitigate the negative effects of this shock on the economy in the wake of the Covid-19 which is ravaging the whole world.BoZ Governor Denny Kalyalya yesterday said this was a three to five years facility that will be available to eligible Financial Service […]
TIMELY INTERVENTION
