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Namibia (55) > General provisions

Name: 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: Namibia
Subject(s): Economic and social policy
Type of legislation: Regulation, Decree, Ordinance
Adopted on: 2020-03-30
Entry into force:
ISN: NAM-2020-R-110033
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=110033&p_lang=en
Bibliography: Legislation on-line Legislation on-line Namibia Legal Information Institute (NamibiaLII) PDF PDF (DOC.NORMES) (consulted on 2020-06-24)
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.

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