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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).

Pays/Territoire
Namibie
Type du document
Miscellaneous
Date
2020
Source
FAO, FAOLEX
Source d'origine
Published in Government Gazette no. 7166 on 1 April 2020.
Sujet
Agriculture et développement rural, Général
Mot clé
Risques Développement agricole Mesures financières agricoles Crédit
Aire géographique
Afrique, Atlantique Sud, Afrique Méridionale
Résumé

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.

Texte intégral
Anglais
Site web
namiblii.org