At the Monetary Policy Meeting held on March 12 and 13, 2012, with a view to enhance support by broadening the base for the efforts, the Bank decided on the following measures. First, the Bank extended the deadline for applications for new loans by two years, to March 31, 2014.
The broad strategy of the SADC Committee of Governors is based on the premise that a sound financial basis must first be laid within the participating countries before it can be extended to the region as a whole.