BoN hosts seminar on impact of COVID-19 on the Namibian economy
Contributed by NAMPA.
WINDHOEK, 23 OCT (NAMPA) - The Bank of Namibia (BoN) on Friday hosted a one-day seminar on the impact of COVID-19 under the theme 'Mapping the way to recovery' in Windhoek.
Officially opening the seminar, BoN Governor Johannes !Gawaxab said despite successive reductions of the repo rate, Private Sector Credit Extension (PSCE) remains subdued.
“The key factor underpinning weak PSCE was the contraction in credit extended to businesses because of repayments and write-offs made during the period u ...
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