News Formal

Zambia, IMF make progress towards bail-out loan programme

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business Business Headlines News

Zambia's finance ministry said on Monday that it had reached a broad agreement with the International Monetary Fund (IMF) on macroeconomic parameters, fiscal targets and policy objectives, during talks to secure a lending programme.

Both Zambia - Africa's first pandemic-era sovereign default - and the IMF said more talks were needed to finalise a programme under the Fund's Extended Credit Facility.

"The reform path is clear. We are committed to securing an IMF programme," Zambia's Finance Minister Bwalya Ng'andu said in a statement, following the conclusion of the latest round of talks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New bridge linking Botswana and Zambia ’will lower the cost of doing business’A road and rail bridge linking Botswana and Zambia was inaugurated on Monday, marking the completion of a multi-million-dollar project aimed at easing congestion at border crossings throughout the region.
Source: IOL - 🏆 46. / 51 Read more »