Govt moots credit reference bureau

Government is currently working on a legal framework for establishing a credit reference bureau system in the country as it moves to expand the volume of private sector credit, a central bank official said on Wednesday.

The move comes after the Reserve Bank of Zimbabwe (RBZ) has already established a credit registry department which is a unit under the Bank Supervision Division.

A credit registry is an institution or agency that collects information from creditors and available public sources on a borrower’s credit history.

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