Africa Financial Sector Responses to COVID-19 - Zambia
This page presents measures and initiatives by the Zambian government, national central bank and Development Finance Institutions (DFIs) in support of a resilient domestic financial sector facing the effects of the COVID-19 pandemic.
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Instrument |
Institution |
Financing volume |
Description |
Monetary Policy |
The Bank of Zambia |
N/A |
(May 20, 2020) To mitigate the negative impact of COVID-19 on the stability of the financial sector, the Bank of Zambia decided to lower the policy rate by 225 basis points to 9.25%. |
Regulatory and Monetary Policy measures |
The Bank of Zambia |
N/A |
(April 03, 2020) The Central Bank of Zambia has put in place a set of measures to safeguard the stability of the financial system and promote greater use of digital financial services. These measures include, inter alia |