Access to the emergency liquidity depends on banks providing sufficient guarantees to pay back the loans
The MPC expect global financial conditions to remain accommodative and supportive of economic activity over the medium-term
It includes restructuring credit facilities and loans for SMEs, where banks are to extend the grace period for repayment and reschedule installment due dates according to their affordability
This would reduce import costs by facilitating customs release times and accurately identifying the parties to the transaction in accordance with the procedures
The CBE governor also encouraged bank heads to use their power and influence to make decisions that take into account the general interest of the local economy
