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The Treasury will not fully guarantee loans given to small and medium enterprises (SMEs) under the State-backed Credit Guarantee Scheme if a proposed law sails through in Parliament.
The Public Finance Management (Amendment) Bill, 2020 before the National Assembly says the Treasury will only take a portion of the losses in case an SME defaults on payment of the loans. Reference:https://www.businessdailyafrica.com/economy/Treasury-to-guarantee-only-part-of-SME-loans/3946234-5597636-rxq4tdz/index.html
