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Determination on policy changes in response to economic and financial stability challenges, following the fallout of the Covid-19 Pandemic (BID-33) (GN 217 of 2020).

Country(ies)

Namibia

Subjects (Classification)

Economic and social policy

Adopted on (Date of text)

2020-03-30

Scope of text

National

Type of legislation (Type of text)

Regulation, Decree, Ordinance

Abstract/Citation

This document outlines a determination from the Bank of Namibia 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. The regulatory changes are explained hereunder and are valid for a period of two (2) years, or until revoked in writing by the Bank.

Electronic source title

Legislation on-line

Author

Namibia Legal Information Institute (NamibiaLII)

URL

https://namiblii.org/akn/na/act/genn/2020/127

File

NAM110033.pdf (PDF)

Breadcrumb

Title_of_text

Determination on policy changes in response to economic and financial stability challenges, following the fallout of the Covid-19 Pandemic (BID-33) (GN 217 of 2020).

Main Region

First Region

Second Region

Electronic region

Advancing social justice, promoting decent work