Protracted debt restructuring putting pressure on Kwacha – Govt
• The uncertainty created by the protracted restructuring process has put pressure on the currency• Delays to conclude the process are having a significant impact
Tag : International Monetary Fund
Debt restructuring critical in providing solutions to Kwacha volatility – PMRC
• The recent Kwacha appreciation comes at a time when the country requires much-needed debt restructuring.• This will provide sustainability to the current appreciation of
Economist attributes Kwacha depreciation to FOREX depletion
• The Kwacha is weakening because national reserves are depleting.• Bank of Zambia is using the resources to try and stabilize the local unit.• On
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
Finance Minister nods IMF Managing Director’s announced visit to Zambia
• This is a good sign and a strong sentiment.• High profile personalities will continue to come to Zambia.• This is because of the country’s
Zambia will become an investment destination for most foreign countries – Economist
• This is good for the new dawn government.• The mining sector will change the narrative from exporting raw materials to exporting finished products.• Agro
Economist attributes Kwacha appreciation to tight liquidity
• Local contractors have not been paid.• People are handling less Kwacha.• The appreciation of the Kwacha has nothing to do with the IMF bailout
Extended Credit Facility will unlock additional bilateral support – Economist
• It is very exciting for the country because this sets to have the international recognition that Zambia needed.• This is what the country needed
Kwacha gains as IMF approves US$1.3 billion support package for Zambia
• The approval of US$1.3 billion by the IMF simply means that the money will be pumped into the economy.• Supply of US dollars in