By BUUMBA CHIMBULUTHE Bank of Zambia (BoZ) is reviewing the terms and conditions to enhance uptake of the Targeted Medium-Term Refinancing Facility (TMTRF), as it disburses K3.1 billion under the package.The Central Bank in April this year set up a K10 billion TMTRF meant to assist businesses and households survive the challenges cause by the Covid-19 pandemic through affordable financing.The funds are being channelled through Financial Service Providers (FSPs).Under the facility, BoZ is providing liquidity to eligible FSPs for onward lending to viable businesses, says BoZ Governor, Christopher Mvunga.As at November 12, this year, he said, a total of K3.1 billion had been disbursed.Mr Mvunga however said the Central Bank was making revisions to the terms and conditions to enhance accessibility.He was speaking on Friday evening at the 2020 Economics Association of Zambia (EAZ) and business gala under the theme: “Building a Resilient Economy Post Covid-19.”“Additional incentives have been given to identify priority sectors with […]
BOZ REVIEWS RELIEF PACKAGE TERMS
