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Determination on policy changes in response to economic and financial stability challenges, following the fallout of the Covid19 Pandemic (GN 127 of 2020).

País/Territorio
Namibia
Tipo de documento
Miscelanea
Fecha
2020
Fuente
FAO, FAOLEX
Fuente original
Published in Government Gazette no. 7166 on 1 April 2020.
Materia
Agricultura y desarrollo rural, General
Palabra clave
Peligros Desarrollo agrícola Medidas financieras agrícolas Crédito
Área geográphica
Africa, Atlántico Sur, Africa Meridional
Resumen

This Determination of the Deputy Governor of the Bank of Namibia, made under the powers vested in the Bank by virtue of section 71(3) of the Banking Institutions Act, 1998, provides policy and regulatory changes amid economic challenges posed by COVID-19 pandemic in Namibia. Substantially, the Bank resolves to relax certain regulatory requirements to provide relief to banking institutions to deal with impaired loans as well as to continue lending to the real economy and stimulate economic growth. Measures concern credit policy (loan repayment moratorium, writing off of losses) and liquidity relief (minimum liquidity requirements, reduction of capital conservation buffer, new limits for exposures of borrowers) for the banking sector. The measures aim at enhancing lending to the most vulnerable economic sectors.

Texto completo
Inglés
Página web
namiblii.org