By BUUMBA CHIMBULUABOUT K11.9 billion worth of applications have been received by the Bank of Zambia (BoZ) as at November 23, 2021 under its stimulus package.These applications from both banks and non-banks are made to access the K10 billion Targeted Medium-Term Refinancing Facility (TMTRF).The TMTRF was put in place by the Central Bank in April last year to cushion businesses and households from ravages of Covid-19.As the initial allocated amount of K10 billion is almost exhausted, the Central Bank will review the overall facility and the relevant stakeholders will be informed of the next steps in due course.This is according to the Bankers Association of Zambia Public Relations Officer, Mirriam Zimba who said the applications were made up of 24 from 14 Commercial Banks and the total of applications received was about K11.9 billion.Ms Zimba in response to a press query stated that K8.6 billion was from banks and K3.3 billion from non-bank financial institutions.She […]
BoZ in K11.9bn requests for stimulus package
