The Bank of Zambia (BoZ) has approved K5,310.58m for disbursements under the Targeted Medium-Term Refinancing Facility.
The Bank has since published a summary of the applications, approvals, and disbursements under the facility.
The Targeted Medium-Term Refinancing Facility was established in April 2020, by the Bank to provide liquidity to Financial Service Providers (FSPs) for onward lending to businesses and households affected by the coronavirus (COVID-19) pandemic.
The Facility had an initial amount of K10 billion and tenors of five years for priority sectors identified in the 7th National Development Plan (agriculture, manufacturing, tourism and energy) and three years for other sectors.
https://www.boz.zm/report_on_tmtrf_14_august_2020.pdf