07 Jun Somalia: Central Bank to support remittance inflows
Posted at 18:08h in
May 7, 2020 | Sector: Public sector
The Central Bank is releasing funding-for-lending support for medium and small enterprises through commercial banks, initially for $2.9 million with more in the pipeline. The Central Bank is also encouraging commercial banks to use excess liquidity to support lending and employ existing CBRs to support remittance inflows.