Zambia’s finance minister says talks with the International Monetary Fund (IMF) are “very progressive”.
Situmbeko Musokotwane said timelines and steps to be taken to advance the process for a highly anticipated Extended Credit Facility – a financial assistance programme offered to countries struggling to pay debts – were discussed.
For the first time since 1998, Zambia plunged into a recession last year. It also defaulted on a debt repayment.
In a BBC interview earlier this month, the new President Hakainde Hichilema described the treasury as “literally empty”.
The president in his first parliamentary address committed to reducing the fiscal deficit and restoring economic growth.
Abdel Moneim Aboul Foutouh Africa AfricaDay Africa Famine Al-Qaeda Angola Benin Bombing Burkina Faso Chad conflict Corruption Culture DR Congo Egypt Election Eritrea Ethiopia Flood France genocide Ghana Hassan Sheikh Mohamud justice Kenya Liberia Mali Mali Attack Miners monkeypox Mozambique news Nigeria Peace Protest religion Rwanda Senegal Somalia Sudan Tigray United Nations USA War WHO
September 21, 2022 admin EAST AFRICA, EDITORIAL
Tigrayan forces accuse Eritrea of launching offensive
September 20, 2022 admin EAST AFRICA