Zambia, IMF Staff Level Agreement subject to Management approval – Holland
• Zambia and IMF have reached a staff-level agreement on economic policies to conclude first review of the 38-month ECF supported program.• Once approved, this
Tag : IMF's Extended Credit Facility for Zambia
IMF urges Zambia’s official creditors to reach agreement on debt treatment
• Zambia needs a significant reduction in its debt burden from external creditors.• This is to contemplate economic reforms and preserve the recent growth momentum.•
ActionAid advises Government to woo investors in viable sectors
• Government should consider wooing investors in sectors that have high returns.• There is need for Government to consider the manufacturing and Agriculture sectors as
US$1.3 billion IMF support is not ultimate solution to economic challenges – Economist
• Zambia’s ultimate solution does not end at acquiring the US$1.3 billion from the IMF.• The country still needs to restructure the debt for it
Government keen to get Zambia’s economy back on its developmental path
• Cabinet expresses the need to dismantle the huge Government external and domestic debts• Cabinet expresses serious need for Government to get the economy back
Kwacha expected to appreciate around June
• The current government IMF discussions might be concluded around June.• There will be a few more dollars being offloaded on the market.• Kwacha will
JCTR nods IMF’s Extended Credit Facility for Zambia
• Zambia desperately needs the IMF bailout.• It will help enhance the local economy once approved.• The bailout will also help restore price stability. Jesuit